TT International Asset Management LTD Has $5.73 Million Position in TopBuild Corp. (NYSE:BLD)

TT International Asset Management LTD grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 199.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 14,087 shares of the construction company’s stock after buying an additional 9,383 shares during the period. TopBuild makes up 0.7% of TT International Asset Management LTD’s investment portfolio, making the stock its 22nd biggest holding. TT International Asset Management LTD’s holdings in TopBuild were worth $5,730,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild in the second quarter worth about $30,000. Kennebec Savings Bank acquired a new position in TopBuild in the third quarter worth about $45,000. Quantbot Technologies LP acquired a new position in TopBuild in the third quarter worth about $45,000. UMB Bank n.a. raised its position in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after purchasing an additional 62 shares in the last quarter. Finally, Private Trust Co. NA raised its position in TopBuild by 151.4% in the third quarter. Private Trust Co. NA now owns 176 shares of the construction company’s stock worth $72,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD stock opened at $366.19 on Wednesday. TopBuild Corp. has a 52-week low of $317.72 and a 52-week high of $495.68. The stock has a market cap of $10.80 billion, a PE ratio of 18.48, a PEG ratio of 2.37 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm’s 50 day moving average price is $377.88 and its two-hundred day moving average price is $394.03.

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 the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $5.43 earnings per share. As a group, analysts forecast that TopBuild Corp. will post 20.95 EPS for the current year.

Analyst Ratings Changes

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