Janney Montgomery Scott LLC Has $1.28 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Janney Montgomery Scott LLC raised its position in TopBuild Corp. (NYSE:BLD) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,117 shares of the construction company’s stock after buying an additional 143 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TopBuild were worth $1,282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLD. TFG Advisers LLC increased its position in TopBuild by 1.1% in the third quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock worth $1,210,000 after purchasing an additional 31 shares during the period. CIBC Asset Management Inc grew its holdings in TopBuild by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock worth $374,000 after acquiring an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in shares of TopBuild by 0.6% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $2,181,000 after purchasing an additional 33 shares during the last quarter. CWM LLC grew its stake in shares of TopBuild by 10.3% during the third quarter. CWM LLC now owns 387 shares of the construction company’s stock worth $157,000 after purchasing an additional 36 shares during the period. Finally, Atlanta Consulting Group Advisors LLC increased its holdings in TopBuild by 1.5% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock valued at $1,098,000 after purchasing an additional 39 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BLD shares. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group decreased their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, DA Davidson decreased their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $437.00.

TopBuild Stock Up 1.3 %

TopBuild stock opened at $333.01 on Wednesday. The company’s 50-day moving average is $341.24 and its 200-day moving average is $373.05. The firm has a market capitalization of $9.82 billion, a PE ratio of 16.80, a P/E/G ratio of 2.05 and a beta of 1.85. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a fifty-two week low of $302.70 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company posted $5.43 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.