Crossmark Global Holdings Inc. Cuts Stock Holdings in TopBuild Corp. (NYSE:BLD)

Crossmark Global Holdings Inc. reduced its stake in TopBuild Corp. (NYSE:BLD) by 71.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,258 shares of the construction company’s stock after selling 5,592 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in TopBuild were worth $919,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of TopBuild in the first quarter valued at about $31,000. Ashton Thomas Private Wealth LLC bought a new position in shares of TopBuild during the 2nd quarter worth approximately $30,000. Headlands Technologies LLC purchased a new position in shares of TopBuild in the 1st quarter worth approximately $56,000. UMB Bank n.a. grew its holdings in shares of TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after acquiring an additional 62 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after acquiring an additional 63 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

TopBuild Stock Up 1.1 %

Shares of NYSE BLD opened at $363.22 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a market cap of $10.71 billion, a P/E ratio of 18.33, a P/E/G 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 business has a 50-day simple moving average of $383.75 and a two-hundred day simple moving average of $398.30.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the business earned $5.43 earnings per share. TopBuild’s revenue was up 3.6% compared to the same quarter last year. Research analysts anticipate that TopBuild Corp. will post 21.06 earnings per share for the current fiscal 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.