Intech Investment Management LLC Raises Stake in TopBuild Corp. (NYSE:BLD)

Intech Investment Management LLC increased its stake in TopBuild Corp. (NYSE:BLD) by 203.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 16,709 shares of the construction company’s stock after buying an additional 11,194 shares during the quarter. Intech Investment Management LLC owned 0.06% of TopBuild worth $6,797,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLD. O Shaughnessy Asset Management LLC lifted its holdings in TopBuild by 3.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,464 shares of the construction company’s stock valued at $1,967,000 after purchasing an additional 128 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in TopBuild by 1.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 23,019 shares of the construction company’s stock valued at $10,150,000 after purchasing an additional 306 shares during the last quarter. Truvestments Capital LLC purchased a new stake in TopBuild during the first quarter valued at about $439,000. Lazard Asset Management LLC lifted its holdings in TopBuild by 18.2% during the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after purchasing an additional 25,973 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in TopBuild by 0.5% during the first quarter. Janus Henderson Group PLC now owns 17,713 shares of the construction company’s stock valued at $7,807,000 after purchasing an additional 94 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on BLD. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Truist Financial decreased their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. DA Davidson decreased their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Jefferies Financial Group reduced their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Evercore ISI reduced their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Stock Up 2.9 %

Shares of TopBuild stock opened at $361.14 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a 52-week low of $291.98 and a 52-week high of $495.68. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.20 and a beta of 1.79. The company’s 50 day moving average price is $382.61 and its 200-day moving average price is $396.37.

TopBuild (NYSE:BLD) last issued 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 net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $5.43 earnings per share. The business’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.

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.