Hanseatic Management Services Inc. Has $61,000 Stock Holdings in TopBuild Corp. (NYSE:BLD)

Hanseatic Management Services Inc. lessened its stake in TopBuild Corp. (NYSE:BLD) by 91.9% in the third quarter, HoldingsChannel reports. The firm owned 149 shares of the construction company’s stock after selling 1,698 shares during the period. Hanseatic Management Services Inc.’s holdings in TopBuild were worth $61,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of TopBuild by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after acquiring an additional 15,965 shares during the last quarter. Liontrust Investment Partners LLP increased its stake in TopBuild by 21.1% in 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in TopBuild by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock worth $100,927,000 after purchasing an additional 2,133 shares during the period. Lazard Asset Management LLC boosted its position in shares of TopBuild by 18.2% during the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after purchasing an additional 25,973 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of TopBuild by 7.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company’s stock worth $53,097,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD stock opened at $371.17 on Thursday. The firm has a market cap of $11.20 billion, a PE ratio of 19.09, a P/E/G ratio of 2.21 and a beta of 1.79. TopBuild Corp. has a 12 month low of $262.64 and a 12 month high of $495.68. The company’s fifty day simple moving average is $385.53 and its 200-day simple moving average is $399.50. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 11.74% and a return on equity of 25.72%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $5.43 EPS. Equities research analysts expect that TopBuild Corp. will post 21.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Stephens lowered their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Evercore ISI lowered their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday. DA Davidson cut their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group decreased their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Truist Financial dropped their target price 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $441.56.

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.