TopBuild Corp. (NYSE:BLD) Shares Purchased by River Global Investors LLP

River Global Investors LLP boosted its holdings in TopBuild Corp. (NYSE:BLD) by 27.3% during the third quarter, Holdings Channel.com reports. The fund owned 6,930 shares of the construction company’s stock after acquiring an additional 1,485 shares during the period. River Global Investors LLP’s holdings in TopBuild were worth $2,818,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Assetmark Inc. grew its stake in TopBuild by 3.9% in the 3rd quarter. Assetmark Inc. now owns 16,922 shares of the construction company’s stock valued at $6,884,000 after acquiring an additional 641 shares during the last quarter. Equitable Trust Co. acquired a new stake in TopBuild in the 3rd quarter valued at about $369,000. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in TopBuild in the 3rd quarter valued at about $12,208,000. Summit Global Investments grew its stake in TopBuild by 10.0% in the 3rd quarter. Summit Global Investments now owns 660 shares of the construction company’s stock valued at $268,000 after acquiring an additional 60 shares during the last quarter. Finally, Olympiad Research LP acquired a new stake in TopBuild in the 3rd quarter valued at about $277,000. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Trading Down 1.0 %

Shares of BLD stock traded down $3.66 during trading hours on Friday, hitting $368.89. 191,555 shares of the company were exchanged, compared to its average volume of 291,728. The firm has a market cap of $10.88 billion, a PE ratio of 18.61, a PEG ratio of 2.32 and a beta of 1.79. TopBuild Corp. has a 1 year low of $262.64 and a 1 year high of $495.68. The company has a quick ratio of 1.82, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $384.66 and a 200 day moving average of $399.22.

TopBuild (NYSE:BLD) last posted its quarterly 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. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $5.43 earnings per share. TopBuild’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts expect that TopBuild Corp. will post 21.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of research reports. Truist Financial lowered their price objective 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. Jefferies Financial Group decreased their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Stephens decreased their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, DA Davidson decreased their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $440.44.

About TopBuild

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.