Fmr LLC Grows Position in TopBuild Corp. (NYSE:BLD)

Fmr LLC raised its holdings in shares of TopBuild Corp. (NYSE:BLD) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,830,493 shares of the construction company’s stock after acquiring an additional 161,743 shares during the quarter. Fmr LLC owned approximately 6.20% of TopBuild worth $744,663,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild during the second quarter valued at about $30,000. Kennebec Savings Bank bought a new stake in TopBuild during the third quarter valued at about $45,000. UMB Bank n.a. raised its holdings in TopBuild by 87.3% during the third 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 during the period. Private Trust Co. NA raised its holdings in TopBuild by 151.4% during the third quarter. Private Trust Co. NA now owns 176 shares of the construction company’s stock valued at $72,000 after acquiring an additional 106 shares during the period. Finally, Blue Trust Inc. raised its holdings in TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after acquiring an additional 63 shares during the period. 95.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BLD shares. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. DA Davidson reduced their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. 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. Truist Financial reduced their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, Stephens reduced their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. 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, TopBuild has an average rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Stock Up 0.5 %

Shares of NYSE:BLD opened at $390.00 on Friday. TopBuild Corp. has a 1 year low of $292.20 and a 1 year high of $495.68. The business has a 50 day simple moving average of $382.18 and a two-hundred day simple moving average of $395.81. The firm has a market capitalization of $11.51 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 2.56 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.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.43 earnings per share. On average, equities analysts predict that TopBuild Corp. will post 20.99 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.