Pitcairn Co. Boosts Stock Holdings in TopBuild Corp. (NYSE:BLD)

Pitcairn Co. boosted its position in shares of TopBuild Corp. (NYSE:BLD) by 178.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,220 shares of the construction company’s stock after buying an additional 1,422 shares during the period. Pitcairn Co.’s holdings in TopBuild were worth $903,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BLD. Janus Henderson Group PLC increased its stake in TopBuild by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 17,713 shares of the construction company’s stock worth $7,807,000 after buying an additional 94 shares in the last quarter. iA Global Asset Management Inc. increased its stake in TopBuild by 99.3% during the 1st quarter. iA Global Asset Management Inc. now owns 3,341 shares of the construction company’s stock worth $1,472,000 after buying an additional 1,665 shares in the last quarter. Swedbank AB purchased a new stake in TopBuild during the 1st quarter worth approximately $12,275,000. Cetera Investment Advisers increased its stake in TopBuild by 152.4% during the 1st quarter. Cetera Investment Advisers now owns 3,960 shares of the construction company’s stock worth $1,745,000 after buying an additional 2,391 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new stake in TopBuild during the 1st quarter worth approximately $413,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Trading Up 3.3 %

BLD opened at $373.05 on Monday. TopBuild Corp. has a one year low of $291.98 and a one year high of $495.68. The stock has a market capitalization of $11.00 billion, a PE ratio of 18.82, a P/E/G ratio of 2.28 and a beta of 1.79. The business’s 50 day moving average price is $382.34 and its 200 day moving average price is $396.05. 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 (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm earned $5.43 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that TopBuild Corp. will post 20.99 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on BLD. Evercore ISI dropped their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Jefferies Financial Group dropped their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Truist Financial dropped their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Stephens dropped their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $440.44.

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.