Covestor Ltd Sells 53 Shares of TopBuild Corp. (NYSE:BLD)

Covestor Ltd lessened its holdings in TopBuild Corp. (NYSE:BLD) by 28.2% in the 3rd quarter, Holdings Channel reports. The firm owned 135 shares of the construction company’s stock after selling 53 shares during the quarter. Covestor Ltd’s holdings in TopBuild were worth $55,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BLD. Lazard Asset Management LLC boosted its stake in shares of TopBuild by 18.2% during the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after acquiring an additional 25,973 shares in the last quarter. Forge First Asset Management Inc. bought a new stake in TopBuild during the first quarter worth approximately $16,158,000. Russell Investments Group Ltd. grew its holdings in TopBuild by 12.1% during the first quarter. Russell Investments Group Ltd. now owns 36,140 shares of the construction company’s stock valued at $15,928,000 after purchasing an additional 3,899 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of TopBuild by 6.1% in the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock valued at $5,493,000 after purchasing an additional 820 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of TopBuild by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock worth $1,317,795,000 after buying an additional 15,965 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on BLD shares. Truist Financial dropped their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group lowered their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. DA Davidson cut their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Evercore ISI lowered their price objective 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. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Trading Up 1.1 %

Shares of TopBuild stock opened at $363.22 on Friday. The company’s fifty day moving average price is $383.75 and its two-hundred day moving average price is $398.30. The firm has a market capitalization of $10.71 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 2.26 and a beta of 1.79. TopBuild Corp. has a 52-week low of $287.62 and a 52-week 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 quarterly 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. The firm had revenue of $1.37 billion during 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 company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.43 earnings per share. On average, analysts expect that TopBuild Corp. will post 21.06 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.