Intech Investment Management LLC Grows Stake in TopBuild Corp. (NYSE:BLD)

Intech Investment Management LLC lifted its position in TopBuild Corp. (NYSE:BLD) by 203.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,709 shares of the construction company’s stock after purchasing an additional 11,194 shares during the period. Intech Investment Management LLC’s holdings in TopBuild were worth $6,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BLD. Assenagon Asset Management S.A. raised its holdings in TopBuild by 0.4% during the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after acquiring an additional 23 shares during the period. Andina Capital Management LLC raised its holdings in TopBuild by 3.2% during the second quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock valued at $335,000 after acquiring an additional 27 shares during the period. CIBC Asset Management Inc raised its holdings in TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after acquiring an additional 30 shares during the period. Fifth Third Bancorp raised its holdings in TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after acquiring an additional 31 shares during the period. Finally, Hanseatic Management Services Inc. raised its holdings in TopBuild by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock valued at $712,000 after acquiring an additional 31 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Trading Up 2.9 %

Shares of NYSE BLD opened at $361.14 on Friday. The business’s 50 day moving average is $382.61 and its two-hundred day moving average is $396.37. 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 $291.98 and a 1-year high of $495.68. The stock has a market capitalization of $10.65 billion, a P/E ratio of 18.22, a PEG ratio of 2.20 and a beta of 1.79.

TopBuild (NYSE:BLD) last issued its quarterly earnings data 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted $5.43 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts expect that TopBuild Corp. will post 21 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Truist Financial reduced their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Jefferies Financial Group reduced their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Stephens reduced their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and an average target price of $440.44.

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.