TopBuild Corp. (NYSE:BLD) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 19,538.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,124 shares of the construction company’s stock after purchasing an additional 4,103 shares during the quarter. Meeder Asset Management Inc.’s holdings in TopBuild were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in TopBuild in the second quarter valued at $30,000. Allspring Global Investments Holdings LLC acquired a new position in TopBuild during the first quarter worth approximately $31,000. Kennebec Savings Bank purchased a new position in TopBuild during the 3rd quarter worth $45,000. UMB Bank n.a. lifted its position in TopBuild by 87.3% during the 3rd 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 period. Finally, Blue Trust Inc. grew its stake in shares of TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BLD. Jefferies Financial Group decreased their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. 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 research note on Wednesday, November 6th. DA Davidson reduced their price objective 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, 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 report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Price Performance

Shares of NYSE:BLD opened at $350.85 on Tuesday. The company has a market cap of $10.35 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.19 and a beta of 1.79. The business has a fifty day simple moving average of $383.30 and a 200-day simple moving average of $397.31. TopBuild Corp. has a 52 week low of $291.98 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.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business earned $5.43 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that TopBuild Corp. will post 21 EPS for the current 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.