Thrivent Financial for Lutherans Trims Position in TopBuild Corp. (NYSE:BLD)

Thrivent Financial for Lutherans lowered its position in TopBuild Corp. (NYSE:BLD) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,223 shares of the construction company’s stock after selling 599 shares during the quarter. Thrivent Financial for Lutherans’ holdings in TopBuild were worth $4,972,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLD. Assenagon Asset Management S.A. increased its holdings in shares of TopBuild by 0.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock worth $2,379,000 after buying an additional 23 shares during the last quarter. Andina Capital Management LLC increased its stake in TopBuild by 3.2% during the second quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock worth $335,000 after acquiring an additional 27 shares during the last quarter. CIBC Asset Management Inc raised its position in TopBuild by 3.5% in the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after purchasing an additional 30 shares during the period. Fifth Third Bancorp lifted its stake in shares of TopBuild by 10.3% in the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after purchasing an additional 31 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its holdings in shares of TopBuild by 1.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after purchasing an additional 31 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of NYSE BLD opened at $373.05 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 2.28 and a beta of 1.79. The stock’s 50-day moving average is $382.34 and its two-hundred day moving average is $396.06. TopBuild Corp. has a 1-year low of $291.98 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping 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 firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm earned $5.43 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts forecast that TopBuild Corp. will post 20.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on BLD shares. Evercore ISI reduced their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Stephens decreased their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. DA Davidson lowered their price objective 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. Truist Financial decreased their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group dropped 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $440.44.

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.