Plato Investment Management Ltd Has $173,000 Stock Position in TopBuild Corp. (NYSE:BLD)

Plato Investment Management Ltd increased its holdings in TopBuild Corp. (NYSE:BLD) by 229.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425 shares of the construction company’s stock after acquiring an additional 296 shares during the period. Plato Investment Management Ltd’s holdings in TopBuild were worth $173,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BLD. Allspring Global Investments Holdings LLC bought a new stake in TopBuild during the 1st quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of TopBuild during the second quarter valued at approximately $30,000. Kennebec Savings Bank bought a new stake in TopBuild during the third quarter worth $45,000. Headlands Technologies LLC purchased a new stake in TopBuild in the 1st quarter valued at $56,000. Finally, UMB Bank n.a. lifted its stake in TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BLD. Jefferies Financial Group reduced their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. DA Davidson decreased their price objective 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. Truist Financial dropped their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Stephens reduced their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. 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 given a buy rating to the company’s stock. According to MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Price Performance

TopBuild stock opened at $347.50 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $383.49 and its 200 day simple moving average is $397.84. TopBuild Corp. has a 12 month low of $290.00 and a 12 month high of $495.68. The company 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.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company earned $5.43 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that TopBuild Corp. will post 21 EPS for the current year.

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.