Promethos Capital LLC Buys 5,700 Shares of TopBuild Corp. (NYSE:BLD)

Promethos Capital LLC increased its stake in TopBuild Corp. (NYSE:BLD) by 117.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,571 shares of the construction company’s stock after buying an additional 5,700 shares during the period. TopBuild accounts for 1.5% of Promethos Capital LLC’s portfolio, making the stock its 27th largest position. Promethos Capital LLC’s holdings in TopBuild were worth $4,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Securities Inc. purchased a new position in shares of TopBuild during the 4th quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild during the second quarter valued at $30,000. Allspring Global Investments Holdings LLC bought a new stake in shares of TopBuild during the 1st quarter valued at $31,000. Rise Advisors LLC purchased a new stake in shares of TopBuild in the 1st quarter worth about $37,000. Finally, Headlands Technologies LLC purchased a new stake in shares of TopBuild in the 1st quarter worth about $56,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Up 5.5 %

BLD stock opened at $419.82 on Friday. The stock has a market capitalization of $13.36 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.27 and a beta of 1.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. TopBuild Corp. has a 1-year low of $217.08 and a 1-year high of $495.68. The business has a fifty day moving average price of $405.80 and a 200-day moving average price of $407.07.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm posted $5.25 EPS. TopBuild’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts forecast that TopBuild Corp. will post 21.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the topic of several research reports. Evercore ISI dropped their price objective on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group boosted their price target on TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. DA Davidson dropped their target price on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Truist Financial cut their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $449.00.

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.