Artemis Investment Management LLP Sells 2,684 Shares of TopBuild Corp. (NYSE:BLD)

Artemis Investment Management LLP decreased its position in shares of TopBuild Corp. (NYSE:BLD) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,416 shares of the construction company’s stock after selling 2,684 shares during the period. Artemis Investment Management LLP owned 0.16% of TopBuild worth $20,510,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BLD. Vanguard Group Inc. raised its position in shares of TopBuild by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after purchasing an additional 15,965 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in 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 raised its holdings in TopBuild by 21.1% during 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 period. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 acquiring an additional 23,267 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of TopBuild by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock worth $100,927,000 after acquiring an additional 2,133 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Evercore ISI lowered their price target on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Truist Financial dropped 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. Jefferies Financial Group lifted their price target on shares of TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Stephens dropped 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, DA Davidson reduced 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. 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, TopBuild has a consensus rating of “Moderate Buy” and an average target price of $449.00.

TopBuild Trading Up 0.7 %

BLD opened at $386.86 on Wednesday. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $391.99 and a 200 day moving average of $405.89. The firm has a market cap of $12.31 billion, a P/E ratio of 19.50, a P/E/G 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 EPS 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 analysts’ expectations of $1.40 billion. During the same quarter last year, the firm posted $5.25 EPS. TopBuild’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts forecast that TopBuild Corp. will post 21.18 EPS for the current year.

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.