Sequoia Financial Advisors LLC Acquires 230 Shares of TopBuild Corp. (NYSE:BLD)

Sequoia Financial Advisors LLC lifted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 33.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 911 shares of the construction company’s stock after purchasing an additional 230 shares during the period. Sequoia Financial Advisors LLC’s holdings in TopBuild were worth $371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BLD. Wealth Enhancement Advisory Services LLC boosted its position in shares of TopBuild by 25.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,913 shares of the construction company’s stock valued at $843,000 after purchasing an additional 390 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in TopBuild during the 1st quarter worth approximately $31,000. State of Michigan Retirement System raised its stake in TopBuild by 1.3% during the 1st quarter. State of Michigan Retirement System now owns 7,757 shares of the construction company’s stock worth $3,419,000 after buying an additional 100 shares during the period. Monument Capital Management acquired a new position in TopBuild during the 1st quarter worth approximately $2,824,000. Finally, Mezzasalma Advisors LLC acquired a new position in TopBuild during the 1st quarter worth approximately $1,491,000. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BLD shares. Stephens dropped their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Evercore ISI increased their price objective on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. DA Davidson lowered their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Truist Financial lowered their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $446.89.

TopBuild Stock Performance

Shares of BLD opened at $370.56 on Tuesday. 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 company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.45 and a beta of 1.77. The stock has a 50 day moving average of $389.85 and a 200 day moving average of $401.33. TopBuild Corp. has a 12 month low of $217.84 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly 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 net margin of 11.74% and a return on equity of 25.72%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the business posted $5.25 earnings per share. The business’s revenue 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 earnings per share for the current year.

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.