Commonwealth Equity Services LLC Has $873,000 Stock Holdings in TopBuild Corp. (NYSE:BLD)

Commonwealth Equity Services LLC grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,804 shares of the construction company’s stock after acquiring an additional 290 shares during the period. Commonwealth Equity Services LLC’s holdings in TopBuild were worth $873,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can grew its stake in TopBuild by 72.0% in the third quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock valued at $4,600,000 after purchasing an additional 4,703 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of TopBuild in the 3rd quarter valued at approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TopBuild by 9.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,785 shares of the construction company’s stock worth $4,387,000 after buying an additional 940 shares during the last quarter. Holocene Advisors LP bought a new position in TopBuild during the third quarter valued at approximately $3,600,000. Finally, Point72 Asset Management L.P. lifted its stake in TopBuild by 0.5% in the third quarter. Point72 Asset Management L.P. now owns 91,121 shares of the construction company’s stock valued at $37,069,000 after acquiring an additional 473 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Up 0.1 %

Shares of BLD stock opened at $305.26 on Wednesday. TopBuild Corp. has a 12 month low of $288.31 and a 12 month high of $495.68. 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 firm has a market cap of $8.93 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The stock has a 50 day moving average of $318.19 and a 200-day moving average of $348.09.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm earned $4.69 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on BLD shares. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research report on Tuesday. They issued a “buy” rating and a $356.00 price target for the company. Truist Financial lowered their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, The Goldman Sachs Group reduced their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $398.56.

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.