TopBuild Corp. (NYSE:BLD) Shares Acquired by Fmr LLC

Fmr LLC raised its holdings in shares of TopBuild Corp. (NYSE:BLD) by 9.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,830,493 shares of the construction company’s stock after buying an additional 161,743 shares during the period. Fmr LLC owned 0.06% of TopBuild worth $744,663,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BLD. Janus Henderson Group PLC boosted its holdings in TopBuild by 0.5% in the first quarter. Janus Henderson Group PLC now owns 17,713 shares of the construction company’s stock valued at $7,807,000 after purchasing an additional 94 shares during the last quarter. Swedbank AB purchased a new stake in TopBuild in the first quarter valued at $12,275,000. Cetera Investment Advisers boosted its holdings in TopBuild by 152.4% in the first quarter. Cetera Investment Advisers now owns 3,960 shares of the construction company’s stock valued at $1,745,000 after purchasing an additional 2,391 shares during the last quarter. Cetera Advisors LLC purchased a new stake in TopBuild in the first quarter valued at $413,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in TopBuild by 29.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock valued at $56,489,000 after purchasing an additional 30,000 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on BLD shares. Evercore ISI lowered their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group lowered their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Stephens lowered their target price 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. Truist Financial lowered their target price 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. Finally, DA Davidson lowered their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Trading Up 0.5 %

Shares of TopBuild stock opened at $390.00 on Friday. The firm has a market capitalization of $11.51 billion, a PE ratio of 19.68, a P/E/G ratio of 2.56 and a beta of 1.79. TopBuild Corp. has a twelve month low of $292.20 and a twelve month high of $495.68. The firm’s 50-day moving average price is $382.18 and its 200 day moving average price is $395.81. 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 issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share 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 analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $5.43 EPS. On average, sell-side analysts predict that TopBuild Corp. will post 20.99 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.