Algert Global LLC Boosts Stake in TopBuild Corp. (NYSE:BLD)

Algert Global LLC raised its position in TopBuild Corp. (NYSE:BLD) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,414 shares of the construction company’s stock after buying an additional 764 shares during the period. Algert Global LLC’s holdings in TopBuild were worth $3,627,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLD. Capital International Investors increased its stake in TopBuild by 14.0% in the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock valued at $605,200,000 after buying an additional 198,614 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of 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 grew its position in shares of TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 shares during the period. Forge First Asset Management Inc. bought a new position in shares of TopBuild during the 1st quarter valued at approximately $16,158,000. Finally, Distillate Capital Partners LLC bought a new position in shares of TopBuild during the 2nd quarter valued at approximately $13,832,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Down 0.7 %

Shares of NYSE:BLD opened at $406.37 on Tuesday. The firm has a fifty day moving average price of $399.77 and a two-hundred day moving average price of $407.01. 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 one year low of $217.08 and a one year high of $495.68. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.53 and a beta of 1.77.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BLD. Truist Financial reduced their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Evercore ISI reduced their target price on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group raised their price objective on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Stephens cut their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and an average price target of $449.00.

TopBuild Profile

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.