8,850 Shares in TopBuild Corp. (NYSE:BLD) Acquired by Holocene Advisors LP

Holocene Advisors LP bought a new stake in shares of TopBuild Corp. (NYSE:BLD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,850 shares of the construction company’s stock, valued at approximately $3,600,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TopBuild during the third quarter valued at $114,220,000. FMR LLC boosted its holdings in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after acquiring an additional 161,743 shares during the last quarter. Jennison Associates LLC grew its stake in shares of TopBuild by 2,833.6% in the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after acquiring an additional 110,143 shares during the period. Natixis Advisors LLC purchased a new position in shares of TopBuild during the third quarter valued at approximately $41,981,000. Finally, Liontrust Investment Partners LLP lifted its position in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after purchasing an additional 57,880 shares during the period. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BLD. Jefferies Financial Group decreased their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Evercore ISI cut their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Finally, Stephens dropped their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Stock Performance

Shares of NYSE BLD opened at $374.11 on Friday. The stock has a market cap of $11.04 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.79. TopBuild Corp. has a 1 year low of $313.44 and a 1 year high of $495.68. The firm has a fifty day moving average price of $379.90 and a 200-day moving average price of $394.83. 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 (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $5.43 EPS. TopBuild’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts anticipate that TopBuild Corp. will post 20.99 earnings per share 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.