Manufacturers’ Life Insurance Company cut shares of TopBuild (NYSE:BLD – Get Rating) 4.4% in the third quarter. The company owned his 26,275 shares of construction company stock after selling his 1,199 shares during the period. Manufacturers’ Life Insurance Company owned his 0.08% of his TopBuild worth $4,330,000 as of the latest filing with the Securities and Exchange Commission.
Many other institutional investors have also recently changed their stock positions. First Horizon Advisors Inc. increased its stake in TopBuild by 394.4% in the second quarter. First Horizon Advisors Inc. now owns 178 shares of the construction company, valued at $29,000, after purchasing an additional 142 shares during the previous quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in his TopBuild worth approximately $29,000 in the third quarter. Venture Visionary Partners LLC purchased approximately $30,000 worth of new TopBuild shares in the second quarter. Ellevest Inc. purchased approximately $37,000 worth of new TopBuild stock in the third quarter. Finally, Covestor Ltd increased his TopBuild stock position by 118.0% in the first quarter. Covestor Ltd now owns 279 shares in the construction company valued at $51,000 after acquiring an additional 151 shares in the previous quarter. 95.56% of the shares are owned by institutional investors and hedge funds.
top build stock performance
NYSE:BLD opened Wednesday at $200.06. TopBuild Corp. has a one-year low of $140.66 and a one-year high of $243.30. The company has a 50-day simple moving average of $166.93 and a 200-day simple moving average of $172.80. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt to equity ratio of 0.78. The company has a market capitalization of $6.4 billion, a PE ratio of 13.33 and a beta of 1.42.
TopBuild (NYSE:BLD – Get Rating) reported final results on Tuesday, November 1. The construction firm reported his earnings per share (EPS) of $4.80 for the quarter, beating analyst consensus expectations of $4.09 by $0.71. TopBuild’s net profit margin was 10.20% and return on equity was 29.99%. The business had $1.3 billion in revenue for the quarter, compared to analyst estimates of $1.21 billion. On average, sell-side analysts expect TopBuild Corp. to post 16.75 EPS this year.
Analyst Rating Change
Several brokerage firms have recently commented on BLD. StockNews.com downgraded TopBuild’s stock from a ‘buy’ rating to a ‘hold’ rating in its research report on Friday, January 27. In a research report on Wednesday, November 2nd, Stephens lowered his price target on TopBuild stock from $184.00 to his $170.00 and set an “equal-weighted” rating on the company. Deutsche Bank Aktiengesellschaft upgraded TopBuild’s stock from a ‘hold’ rating to a ‘buy’ rating and raised the company’s price target from $201.00 to $227.00 in a research note on Tuesday, January 10. Finally, Credit Suisse Group lowered its price target for TopBuild shares to $224.00 in its research notes on Thursday, October 20th. Five investment analysts gave the stock a hold rating and five gave the stock a buy rating. Based on MarketBeat.com data, the company’s current average rating is “moderate buy” with an average target price of $228.50.
TopBuild Corp. is engaged in the installation and sale of insulation and other building products to the construction industry in the United States and Canada. It operates through the following segments: Installation, Specialty Distribution, and Enterprise. The Installation segment provides insulation installation services nationwide through TruTeam Contractor Services and operating branches located in the United States.
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