Lmcg Investments LLC Has $1.55 Million Holdings in TopBuild Corp. (NYSE:BLD)

Lmcg Investments LLC trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,022 shares of the construction company’s stock after selling 34 shares during the period. Lmcg Investments LLC’s holdings in TopBuild were worth $1,550,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in shares of TopBuild during the fourth quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC bought a new position in TopBuild in the 2nd quarter worth approximately $30,000. Allspring Global Investments Holdings LLC acquired a new position in TopBuild during the 1st quarter worth $31,000. Rise Advisors LLC bought a new position in TopBuild in the 1st quarter valued at $37,000. Finally, Headlands Technologies LLC acquired a new stake in shares of TopBuild in the 1st quarter valued at $56,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD stock opened at $402.78 on Wednesday. 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 Corp. has a 12-month low of $217.08 and a 12-month high of $495.68. The firm has a fifty day moving average of $405.17 and a 200-day moving average of $407.19. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 2.27 and a beta of 1.77.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm posted $5.25 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that TopBuild Corp. will post 21.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BLD shares. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Stephens lowered their price target 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. Jefferies Financial Group boosted their price target on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. DA Davidson reduced their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Evercore ISI dropped their target price on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $449.00.

About TopBuild

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.