TopBuild Corp. (NYSE:BLD) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP decreased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 65.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,069 shares of the construction company’s stock after selling 14,953 shares during the period. Bridgewater Associates LP’s holdings in TopBuild were worth $3,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild during the second quarter worth about $30,000. Kennebec Savings Bank acquired a new position in shares of TopBuild during the 3rd quarter valued at about $45,000. Quantbot Technologies LP purchased a new position in shares of TopBuild during the 3rd quarter worth about $45,000. UMB Bank n.a. boosted its position in shares of TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after acquiring an additional 62 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in TopBuild by 151.4% in the third quarter. Private Trust Co. NA now owns 176 shares of the construction company’s stock valued at $72,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the topic of a number of recent analyst reports. Stephens cut their price target 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. Evercore ISI reduced their target price on 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 TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, Truist Financial cut 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Stock Performance

NYSE:BLD opened at $390.64 on Friday. TopBuild Corp. has a 1-year low of $292.50 and a 1-year high of $495.68. The stock has a market cap of $11.53 billion, a P/E ratio of 19.71, a PEG ratio of 2.46 and a beta of 1.79. 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 firm has a 50-day moving average of $381.28 and a two-hundred day moving average of $395.64.

TopBuild (NYSE:BLD) last issued its quarterly earnings data 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm earned $5.43 EPS. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts expect that TopBuild Corp. will post 20.99 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.