TopBuild Corp. (NYSE:BLD) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP cut its stake in shares of TopBuild Corp. (NYSE:BLD) by 65.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,069 shares of the construction company’s stock after selling 14,953 shares during the period. Bridgewater Associates LP’s holdings in TopBuild were worth $3,283,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in TopBuild in the 3rd quarter valued at $45,000. FMR LLC lifted its stake in shares of TopBuild by 9.7% in the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares during the period. Bank of Montreal Can boosted its holdings in shares of 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 acquiring an additional 4,703 shares in the last quarter. Private Trust Co. NA increased its stake in shares of TopBuild by 151.4% during the third quarter. Private Trust Co. NA now owns 176 shares of the construction company’s stock worth $72,000 after acquiring an additional 106 shares during the period. Finally, Truvestments Capital LLC raised its holdings in TopBuild by 14.0% during the third quarter. Truvestments Capital LLC now owns 1,421 shares of the construction company’s stock worth $578,000 after purchasing an additional 174 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLD has been the topic of several recent analyst reports. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Evercore ISI cut their price objective on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Jefferies Financial Group reduced their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. DA Davidson lowered their price target 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, Truist Financial decreased their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Trading Up 0.2 %

Shares of BLD opened at $390.64 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a 1-year low of $292.50 and a 1-year high of $495.68. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79. The firm has a 50 day simple moving average of $381.28 and a 200-day simple moving average of $395.64.

TopBuild (NYSE:BLD) last released its quarterly 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 company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.43 earnings per share. Equities analysts forecast that TopBuild Corp. will post 20.99 EPS for the current fiscal year.

TopBuild Company 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.