Wealth Enhancement Advisory Services LLC Trims Stock Position in TopBuild Corp. (NYSE:BLD)

Wealth Enhancement Advisory Services LLC decreased its holdings in TopBuild Corp. (NYSE:BLD) by 14.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,471 shares of the construction company’s stock after selling 255 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in TopBuild were worth $598,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. PFG Investments LLC purchased a new position in shares of TopBuild during the 3rd quarter worth $417,000. Arkadios Wealth Advisors lifted its position in TopBuild by 35.0% during the third quarter. Arkadios Wealth Advisors now owns 2,318 shares of the construction company’s stock valued at $943,000 after purchasing an additional 601 shares in the last quarter. Argent Capital Management LLC grew its holdings in TopBuild by 2.6% during the third quarter. Argent Capital Management LLC now owns 11,915 shares of the construction company’s stock valued at $4,847,000 after purchasing an additional 297 shares during the period. TFG Advisers LLC increased its position in TopBuild by 1.1% in the third quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock worth $1,210,000 after buying an additional 31 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of TopBuild by 33.8% in the third quarter. Sequoia Financial Advisors LLC now owns 911 shares of the construction company’s stock worth $371,000 after buying an additional 230 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Up 0.4 %

Shares of BLD stock opened at $372.54 on Friday. The stock’s 50-day moving average price is $385.15 and its 200-day moving average price is $399.31. TopBuild Corp. has a 12-month low of $262.64 and a 12-month high of $495.68. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.27 and a beta of 1.79. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm earned $5.43 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts predict that TopBuild Corp. will post 21.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BLD. DA Davidson cut their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group dropped their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Evercore ISI decreased their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday. 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. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $440.44.

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.