World Investment Advisors LLC Takes $54,000 Position in TopBuild Corp. (NYSE:BLD)

World Investment Advisors LLC acquired a new position in shares of TopBuild Corp. (NYSE:BLD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,335 shares of the construction company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of TopBuild during the second quarter worth $30,000. Kennebec Savings Bank acquired a new position in TopBuild in the 3rd quarter worth about $45,000. Quantbot Technologies LP bought a new position in TopBuild in the third quarter valued at about $45,000. UMB Bank n.a. raised its position in TopBuild by 87.3% in 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 last quarter. Finally, Private Trust Co. NA grew its holdings 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 purchasing an additional 106 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on BLD shares. DA Davidson decreased their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $443.00 to $381.00 in a research note on Monday. Jefferies Financial Group reduced their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $439.38.

TopBuild Stock Performance

Shares of BLD opened at $308.96 on Friday. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.31 and a beta of 1.79. TopBuild Corp. has a 12 month low of $305.79 and a 12 month high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average of $370.61 and a 200 day moving average of $390.84.

TopBuild (NYSE:BLD) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the firm earned $5.43 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that TopBuild Corp. will post 20.95 earnings per share for the current 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.