TopBuild Corp. (NYSE:BLD) Shares Bought by Argent Capital Management LLC

Argent Capital Management LLC grew its position in TopBuild Corp. (NYSE:BLD) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,915 shares of the construction company’s stock after buying an additional 297 shares during the quarter. Argent Capital Management LLC’s holdings in TopBuild were worth $4,847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BLD. Liontrust Investment Partners LLP increased its stake in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after purchasing an additional 57,880 shares during the period. Forge First Asset Management Inc. acquired a new position in shares of TopBuild in the first quarter valued at approximately $16,158,000. Distillate Capital Partners LLC purchased a new stake in TopBuild during the 2nd quarter worth approximately $13,832,000. Vident Advisory LLC acquired a new stake in TopBuild during the 1st quarter worth approximately $13,707,000. Finally, DekaBank Deutsche Girozentrale boosted its position in TopBuild by 29.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock valued at $56,489,000 after buying an additional 30,000 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BLD. 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. DA Davidson reduced their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Truist Financial decreased their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group cut their target price 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. Finally, Evercore ISI lifted their price target on shares of TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $446.89.

TopBuild Stock Up 1.0 %

Shares of NYSE:BLD traded up $3.56 during trading on Thursday, hitting $374.42. 40,792 shares of the company were exchanged, compared to its average volume of 282,791. The firm’s 50 day moving average price is $390.30 and its 200-day moving average price is $402.75. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $495.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The stock has a market capitalization of $11.91 billion, a P/E ratio of 18.91, a PEG ratio of 2.45 and a beta of 1.77.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. TopBuild’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $5.25 earnings per share. On average, research analysts predict that TopBuild Corp. will post 21.08 earnings per share 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.