Robeco Institutional Asset Management B.V. Has $36.79 Million Holdings in TopBuild Corp. (NYSE:BLD)

Robeco Institutional Asset Management B.V. trimmed its position in TopBuild Corp. (NYSE:BLD) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,431 shares of the construction company’s stock after selling 1,187 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in TopBuild were worth $36,788,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in TopBuild by 0.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock worth $2,379,000 after purchasing an additional 23 shares during the period. Andina Capital Management LLC boosted its position in shares of TopBuild by 3.2% in the second quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock worth $335,000 after buying an additional 27 shares during the period. CIBC Asset Management Inc grew its holdings in shares of TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after buying an additional 30 shares in the last quarter. Fifth Third Bancorp raised its position in TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after buying an additional 31 shares during the period. Finally, Hanseatic Management Services Inc. lifted its stake in TopBuild by 1.7% in the 2nd 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. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Up 4.3 %

TopBuild stock opened at $377.71 on Wednesday. TopBuild Corp. has a one year low of $260.63 and a one year high of $495.68. The company’s fifty day moving average price is $386.22 and its two-hundred day moving average price is $399.74. 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 company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.21 and a beta of 1.79.

TopBuild (NYSE:BLD) last issued its quarterly earnings data 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the company posted $5.25 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that TopBuild Corp. will post 21.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on BLD shares. Stephens lowered their target price 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. Evercore ISI boosted their price objective on shares of TopBuild from $489.00 to $491.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Truist Financial cut their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. DA Davidson lowered their price target on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and an average target price of $446.89.

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.