Central Pacific Bank Trust Division Has $123,000 Stake in TopBuild Corp. (NYSE:BLD)

Central Pacific Bank Trust Division lowered its holdings in TopBuild Corp. (NYSE:BLD) by 29.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 302 shares of the construction company’s stock after selling 125 shares during the quarter. Central Pacific Bank Trust Division’s holdings in TopBuild were worth $123,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BLD. Vanguard Group Inc. lifted its holdings in TopBuild by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock worth $1,317,795,000 after buying an additional 15,965 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of TopBuild by 53.0% during the fourth 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 holdings in TopBuild by 21.1% in the second 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 last quarter. Price T Rowe Associates Inc. MD increased its position 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. Finally, Bank of New York Mellon Corp raised its holdings in TopBuild by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock worth $100,927,000 after purchasing an additional 2,133 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Down 3.2 %

TopBuild stock opened at $385.85 on Friday. The company has a 50 day moving average of $395.62 and a 200-day moving average of $406.76. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $495.68. The stock has a market capitalization of $12.28 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77.

TopBuild (NYSE:BLD) last announced 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company posted $5.25 earnings per share. TopBuild’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that TopBuild Corp. will post 21.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BLD shares. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens lowered their target price 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. DA Davidson cut their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group raised 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. Finally, Evercore ISI dropped their price objective on TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus 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.