AEGON ASSET MANAGEMENT UK Plc Acquires New Shares in TopBuild Corp. (NYSE:BLD)

AEGON ASSET MANAGEMENT UK Plc bought a new position in TopBuild Corp. (NYSE:BLD) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 30,045 shares of the construction company’s stock, valued at approximately $12,208,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in TopBuild in the 2nd quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC bought a new position in shares of TopBuild in the first quarter worth $31,000. UMB Bank n.a. increased its holdings 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 valued at $54,000 after purchasing an additional 62 shares during the period. Headlands Technologies LLC bought a new stake in shares of TopBuild during the first quarter valued at about $56,000. Finally, Blue Trust Inc. raised its stake in shares of TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after purchasing an additional 63 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on BLD. Jefferies Financial Group lowered their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Stephens lowered their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Evercore ISI cut their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday. DA Davidson lowered their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Truist Financial cut their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Trading Down 1.0 %

Shares of BLD opened at $368.89 on Friday. The business’s 50-day moving average price is $384.66 and its 200 day moving average price is $399.22. The company has a current ratio of 2.01, a quick ratio of 1.82 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $10.88 billion, a P/E ratio of 18.61, a P/E/G ratio of 2.32 and a beta of 1.79. TopBuild Corp. has a 1-year low of $262.64 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $5.43 earnings per share. Analysts expect that TopBuild Corp. will post 21.02 earnings per share for the current year.

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.