TopBuild Corp. (NYSE:BLD) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 10.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,203 shares of the construction company’s stock after purchasing an additional 313 shares during the period. Quantinno Capital Management LP’s holdings in TopBuild were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BLD shares. Evercore ISI lowered their target price on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. DA Davidson cut 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, Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Stock Performance

Shares of TopBuild stock opened at $356.81 on Friday. TopBuild Corp. has a 52 week low of $317.72 and a 52 week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average is $376.31 and its two-hundred day moving average is $393.57. The company has a market capitalization of $10.53 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.79.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $5.43 earnings per share. As a group, analysts expect that TopBuild Corp. will post 20.95 earnings per share for the current 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.