TopBuild Corp. (NYSE:BLD) Shares Sold by Creative Planning

Creative Planning lowered its position in shares of TopBuild Corp. (NYSE:BLD) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,356 shares of the construction company’s stock after selling 1,143 shares during the period. Creative Planning’s holdings in TopBuild were worth $3,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BLD. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild in the 2nd quarter valued at about $30,000. Allspring Global Investments Holdings LLC purchased a new stake in TopBuild in the 1st quarter valued at $31,000. UMB Bank n.a. boosted its stake in shares of TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after buying an additional 62 shares during the period. Headlands Technologies LLC acquired a new stake in TopBuild during the 1st quarter worth approximately $56,000. Finally, Blue Trust Inc. lifted its holdings in shares of TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after purchasing an additional 63 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 $366.94 on Friday. The stock’s 50 day moving average price is $390.06 and its 200 day moving average price is $402.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.45 and a beta of 1.77. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the business posted $5.25 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts anticipate that TopBuild Corp. will post 21.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the subject of a number of recent analyst reports. DA Davidson reduced their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Truist Financial dropped their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Evercore ISI boosted their price objective on shares of TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Stephens lowered their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $446.89.

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.