Bleakley Financial Group LLC Sells 62 Shares of TopBuild Corp. (NYSE:BLD)

Bleakley Financial Group LLC trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD) by 7.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 812 shares of the construction company’s stock after selling 62 shares during the quarter. Bleakley Financial Group LLC’s holdings in TopBuild were worth $330,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BLD. Vanguard Group Inc. raised its holdings in shares of TopBuild by 0.5% in the first 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 last quarter. Liontrust Investment Partners LLP raised its holdings in shares of 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 purchasing an additional 57,880 shares during the last quarter. Bank of New York Mellon Corp raised its holdings 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 valued at $100,927,000 after purchasing an additional 2,133 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after purchasing an additional 25,973 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in TopBuild by 7.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company’s stock worth $53,097,000 after buying an additional 10,000 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Trading Down 3.6 %

Shares of TopBuild stock opened at $378.52 on Wednesday. TopBuild Corp. has a 52-week low of $217.08 and a 52-week high of $495.68. The firm has a 50-day moving average of $390.29 and a 200-day moving average of $403.45. 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 cap of $12.04 billion, a PE ratio of 19.32, a PEG ratio of 2.45 and a beta of 1.77.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company earned $5.25 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that TopBuild Corp. will post 21.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stephens lowered their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Truist Financial reduced their price objective 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. 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 report on Friday, August 9th. Jefferies Financial Group reduced their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Evercore ISI lifted their price objective on shares of TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $446.89.

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.