110 Shares in TopBuild Corp. (NYSE:BLD) Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of TopBuild Corp. (NYSE:BLD) in the third quarter, HoldingsChannel.com reports. The firm acquired 110 shares of the construction company’s stock, valued at approximately $45,000.

A number of other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of TopBuild during the 2nd quarter valued at $30,000. Kennebec Savings Bank purchased a new position in TopBuild during the third quarter valued at $45,000. UMB Bank n.a. grew its holdings in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after purchasing an additional 62 shares during the period. Private Trust Co. NA increased its position in TopBuild by 151.4% in the third quarter. Private Trust Co. NA now owns 176 shares of the construction company’s stock worth $72,000 after buying an additional 106 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of 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 buying an additional 63 shares during the period. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

BLD has been the subject of a number of recent research reports. Jefferies Financial Group cut 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. Evercore ISI reduced their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. DA Davidson lowered their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Price Performance

NYSE:BLD opened at $375.93 on Friday. The business’s 50-day moving average is $379.23 and its 200 day moving average is $394.53. TopBuild Corp. has a 12 month low of $314.52 and a 12 month high of $495.68. The company has a market capitalization of $11.09 billion, a P/E ratio of 18.97, a P/E/G ratio of 2.44 and a beta of 1.79. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last posted its earnings results 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 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 the consensus estimate of $1.39 billion. During the same period in the prior year, the company earned $5.43 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that TopBuild Corp. will post 20.95 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.