Blue Trust Inc. Increases Position in TopBuild Corp. (NYSE:BLD)

Blue Trust Inc. lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 27.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 373 shares of the construction company’s stock after buying an additional 80 shares during the period. Blue Trust Inc.’s holdings in TopBuild were worth $144,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in TopBuild by 25.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,913 shares of the construction company’s stock worth $843,000 after purchasing an additional 390 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in TopBuild during the first quarter worth approximately $31,000. Narus Financial Partners LLC acquired a new position in TopBuild during the first quarter worth approximately $220,000. State of Michigan Retirement System increased its position in shares of TopBuild by 1.3% in the first quarter. State of Michigan Retirement System now owns 7,757 shares of the construction company’s stock worth $3,419,000 after acquiring an additional 100 shares in the last quarter. Finally, Monument Capital Management acquired a new stake in shares of TopBuild in the first quarter worth $2,824,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 1.2 %

TopBuild stock opened at $367.16 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 2.45 and a beta of 1.77. TopBuild Corp. has a one year low of $217.08 and a one year high of $495.68. The company’s fifty day moving average price is $390.06 and its two-hundred day moving average price is $401.69.

TopBuild (NYSE:BLD) last posted its 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). The business 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 company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.25 earnings per share. On average, analysts forecast that TopBuild Corp. will post 21.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLD has been the subject of several recent research reports. DA Davidson dropped 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. Truist Financial dropped 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. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Stephens lowered their price target 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, Jefferies Financial Group lowered their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $446.89.

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.