Cwm LLC Purchases 36 Shares of TopBuild Corp. (NYSE:BLD)

Cwm LLC boosted its position in TopBuild Corp. (NYSE:BLD) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 387 shares of the construction company’s stock after buying an additional 36 shares during the quarter. Cwm LLC’s holdings in TopBuild were worth $157,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BLD. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild during the second quarter worth $30,000. Allspring Global Investments Holdings LLC acquired a new position in shares of TopBuild during the 1st quarter worth about $31,000. Headlands Technologies LLC bought a new position in shares of TopBuild in the 1st quarter valued at about $56,000. Blue Trust Inc. increased its position in shares of TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after acquiring an additional 63 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE BLD opened at $370.59 on Thursday. TopBuild Corp. has a 1-year low of $217.08 and a 1-year high of $495.68. The business’s 50 day moving average is $390.30 and its 200-day moving average is $402.75. 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 firm has a market cap of $11.79 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BLD shares. Evercore ISI raised their price target on TopBuild from $489.00 to $491.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. DA Davidson decreased their target price 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. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Stephens cut their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Jefferies Financial Group lowered their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.