MQS Management LLC Purchases New Position in TopBuild Corp. (NYSE:BLD)

MQS Management LLC acquired a new position in shares of TopBuild Corp. (NYSE:BLD) during the 3rd quarter, Holdings Channel reports. The fund acquired 733 shares of the construction company’s stock, valued at approximately $298,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BLD. Vanguard Group Inc. increased its position in shares of TopBuild by 0.5% during the 1st 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 last quarter. Liontrust Investment Partners LLP increased its position in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of TopBuild by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock worth $100,927,000 after acquiring an additional 2,133 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of TopBuild by 18.2% in the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after acquiring an additional 25,973 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of TopBuild by 7.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company’s stock worth $53,097,000 after acquiring an additional 10,000 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

TopBuild Stock Up 1.1 %

Shares of NYSE BLD opened at $363.22 on Friday. TopBuild Corp. has a 12-month low of $287.62 and a 12-month high of $495.68. The stock’s fifty day simple moving average is $383.75 and its two-hundred day simple moving average is $398.30. The stock has a market capitalization of $10.71 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 2.26 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.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion for 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.43 earnings per share. As a group, analysts expect that TopBuild Corp. will post 21.06 EPS for the current fiscal year.

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.