Empowered Funds LLC Increases Holdings in TopBuild Corp. (NYSE:BLD)

Empowered Funds LLC raised its stake in shares of TopBuild Corp. (NYSE:BLD) by 438.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,920 shares of the construction company’s stock after purchasing an additional 19,478 shares during the period. Empowered Funds LLC’s holdings in TopBuild were worth $9,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in TopBuild in the first quarter worth $31,000. SG Americas Securities LLC lifted its holdings in shares of TopBuild by 17.6% in the 1st quarter. SG Americas Securities LLC now owns 1,712 shares of the construction company’s stock worth $755,000 after acquiring an additional 256 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of TopBuild during the 1st quarter worth about $56,000. Bleakley Financial Group LLC grew its holdings in TopBuild by 17.7% during the 1st quarter. Bleakley Financial Group LLC now owns 870 shares of the construction company’s stock valued at $383,000 after purchasing an additional 131 shares during the last quarter. Finally, Blair William & Co. IL raised its position in TopBuild by 19.1% in the 1st quarter. Blair William & Co. IL now owns 2,007 shares of the construction company’s stock worth $885,000 after purchasing an additional 322 shares during the period. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on BLD shares. Stephens dropped their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group dropped their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. 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. Finally, Truist Financial reduced their price target 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Stock Down 4.3 %

Shares of TopBuild stock opened at $347.50 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.26 and a beta of 1.79. The firm’s 50-day moving average is $383.49 and its two-hundred day moving average is $397.84. TopBuild Corp. has a 1 year low of $290.00 and a 1 year high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $5.43 earnings per share. As a group, research analysts expect that TopBuild Corp. will post 21 earnings per share for the current fiscal year.

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.