Janney Montgomery Scott LLC Purchases 1,092 Shares of TopBuild Corp. (NYSE:BLD)

Janney Montgomery Scott LLC lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 37.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,974 shares of the construction company’s stock after acquiring an additional 1,092 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TopBuild were worth $1,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in TopBuild by 0.4% in the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after purchasing an additional 23 shares during the last quarter. Andina Capital Management LLC raised its holdings in TopBuild by 3.2% during the second quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock worth $335,000 after acquiring an additional 27 shares in the last quarter. CIBC Asset Management Inc raised its holdings in TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after acquiring an additional 30 shares in the last quarter. 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. Finally, Hanseatic Management Services Inc. raised its holdings in TopBuild by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. DA Davidson dropped their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Stephens dropped their price objective 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. Truist Financial dropped their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Evercore ISI lowered their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Stock Performance

BLD stock opened at $358.85 on Thursday. The stock has a 50-day moving average price of $383.77 and a 200-day moving average price of $398.54. TopBuild Corp. has a 1-year low of $279.74 and a 1-year high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $10.59 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 2.26 and a beta of 1.79.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $5.43 EPS. As a group, equities research analysts expect that TopBuild Corp. will post 21.06 earnings per share for the current year.

TopBuild Company 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.