Advisors Asset Management Inc. Decreases Stock Position in TopBuild Corp. (NYSE:BLD)

Advisors Asset Management Inc. reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 23.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267 shares of the construction company’s stock after selling 84 shares during the quarter. Advisors Asset Management Inc.’s holdings in TopBuild were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLD. Nisa Investment Advisors LLC increased its stake in shares of TopBuild by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock worth $5,493,000 after purchasing an additional 820 shares in the last quarter. River Global Investors LLP grew its holdings in TopBuild by 27.3% during the 3rd quarter. River Global Investors LLP now owns 6,930 shares of the construction company’s stock valued at $2,818,000 after buying an additional 1,485 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in TopBuild during the second quarter worth $262,000. Victory Capital Management Inc. increased its position in TopBuild by 29.9% during the third quarter. Victory Capital Management Inc. now owns 43,608 shares of the construction company’s stock worth $17,740,000 after buying an additional 10,050 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of TopBuild by 115.7% in the second quarter. Hsbc Holdings PLC now owns 9,159 shares of the construction company’s stock worth $3,525,000 after acquiring an additional 4,912 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Stephens cut their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. DA Davidson reduced their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Evercore ISI lowered their target price on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Truist Financial reduced their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Trading Up 0.2 %

Shares of BLD opened at $390.64 on Friday. TopBuild Corp. has a twelve month low of $292.50 and a twelve month high of $495.68. The firm has a market capitalization of $11.52 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79. 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 stock’s fifty day simple moving average is $381.59 and its 200 day simple moving average is $395.77.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $5.43 earnings per share. On average, equities research analysts forecast that TopBuild Corp. will post 20.99 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.