Inspire Investing LLC Purchases 102 Shares of TopBuild Corp. (NYSE:BLD)

Inspire Investing LLC grew its position in shares of TopBuild Corp. (NYSE:BLD) by 12.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 916 shares of the construction company’s stock after acquiring an additional 102 shares during the period. Inspire Investing LLC’s holdings in TopBuild were worth $353,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in TopBuild by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock worth $1,317,795,000 after purchasing an additional 15,965 shares during the period. Capital International Investors increased its stake in shares of TopBuild by 14.0% in the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock worth $605,200,000 after acquiring an additional 198,614 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock valued at $140,993,000 after acquiring an additional 130,563 shares during the period. Liontrust Investment Partners LLP boosted its stake in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after acquiring an additional 57,880 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in TopBuild by 8.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 300,001 shares of the construction company’s stock worth $112,279,000 after purchasing an additional 23,267 shares during the period. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of analyst reports. Evercore ISI dropped their price target on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Stephens reduced their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Truist Financial dropped their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, DA Davidson reduced their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $449.00.

TopBuild Price Performance

BLD opened at $406.10 on Monday. The company’s 50-day simple moving average is $405.21 and its two-hundred day simple moving average is $407.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The stock has a market capitalization of $12.92 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.27 and a beta of 1.77. TopBuild Corp. has a 52-week low of $217.08 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings data 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 net margin of 11.74% and a return on equity of 25.72%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company earned $5.25 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts predict that TopBuild Corp. will post 21.18 EPS 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.