TopBuild Corp. (NYSE:BLD) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in shares of TopBuild Corp. (NYSE:BLD) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,121 shares of the construction company’s stock after selling 500 shares during the period. Swiss National Bank’s holdings in TopBuild were worth $25,271,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BLD. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild during the second quarter valued at $30,000. Kennebec Savings Bank bought a new stake in shares of TopBuild during the 3rd quarter valued at about $45,000. UMB Bank n.a. raised its stake in 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 acquiring an additional 62 shares during the period. Blue Trust Inc. lifted its holdings in TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after acquiring an additional 63 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after acquiring an additional 31 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Up 2.9 %

Shares of NYSE:BLD opened at $361.14 on Friday. The company has a 50 day moving average of $382.61 and a 200-day moving average of $396.37. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $10.65 billion, a P/E ratio of 18.22, a P/E/G ratio of 2.20 and a beta of 1.79. TopBuild Corp. has a twelve month low of $291.98 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $5.43 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts anticipate that TopBuild Corp. will post 21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLD has been the topic of several recent research reports. Truist Financial cut their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. DA Davidson reduced their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group lowered their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Evercore ISI cut their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.