Premier Fund Managers Ltd Acquires Shares of 536 TopBuild Corp. (NYSE:BLD)

Premier Fund Managers Ltd purchased a new stake in TopBuild Corp. (NYSE:BLD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 536 shares of the construction company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild during the 2nd quarter worth $30,000. Allspring Global Investments Holdings LLC bought a new stake in TopBuild during the 1st quarter worth $31,000. Kennebec Savings Bank bought a new stake in TopBuild during the 3rd quarter worth $45,000. UMB Bank n.a. grew 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 last quarter. Finally, Blue Trust Inc. grew its position in TopBuild by 27.4% during the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 0.3 %

NYSE:BLD opened at $351.05 on Thursday. The company has a market cap of $10.36 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.19 and a beta of 1.79. The stock’s fifty day moving average price is $382.79 and its two-hundred day moving average price is $396.62. TopBuild Corp. has a 1 year low of $291.98 and a 1 year high of $495.68. 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 (EPS) for the quarter, topping 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 firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business posted $5.43 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts expect that TopBuild Corp. will post 21 EPS for the current year.

Wall Street Analyst Weigh In

BLD has been the topic of several recent research reports. DA Davidson cut 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. Truist Financial dropped their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Stephens dropped 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. Evercore ISI dropped their price objective on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

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.