Ashton Thomas Private Wealth LLC Purchases New Position in TopBuild Corp. (NYSE:BLD)

Ashton Thomas Private Wealth LLC purchased a new stake in TopBuild Corp. (NYSE:BLD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 78 shares of the construction company’s stock, valued at approximately $30,000.

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of TopBuild by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after purchasing an additional 15,965 shares during the period. Capital International Investors raised its stake in TopBuild by 14.0% in the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock worth $605,200,000 after buying an additional 198,614 shares in the last quarter. Norges Bank bought a new position in TopBuild in the fourth quarter worth approximately $154,983,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in TopBuild by 53.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after buying an additional 130,563 shares in the last quarter. Finally, Liontrust Investment Partners LLP raised its stake in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after buying an additional 57,880 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE:BLD opened at $392.02 on Tuesday. 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 firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 2.27 and a beta of 1.77. The company’s 50-day moving average is $405.17 and its two-hundred day moving average is $407.19. TopBuild Corp. has a 1-year low of $217.08 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the firm earned $5.25 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts forecast that TopBuild Corp. will post 21.18 EPS for the current year.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of recent analyst reports. Evercore ISI reduced their price target on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock 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 Wednesday, July 31st. Truist Financial lowered their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Stephens reduced 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 report on Thursday, August 8th. Finally, DA Davidson lowered their target price on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $449.00.

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.