Pitcairn Co. Raises Holdings in TopBuild Corp. (NYSE:BLD)

Pitcairn Co. lifted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 178.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,220 shares of the construction company’s stock after buying an additional 1,422 shares during the period. Pitcairn Co.’s holdings in TopBuild were worth $903,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in TopBuild in the 2nd quarter valued at approximately $30,000. Kennebec Savings Bank purchased a new stake in TopBuild in the 3rd quarter valued at approximately $45,000. UMB Bank n.a. boosted its holdings in TopBuild by 87.3% in the 3rd 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 in the last quarter. Blue Trust Inc. boosted its holdings in TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after purchasing an additional 63 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in TopBuild by 10.3% in the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Up 3.3 %

Shares of TopBuild stock opened at $373.05 on Monday. 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 company has a market capitalization of $11.00 billion, a P/E ratio of 18.82, a P/E/G ratio of 2.28 and a beta of 1.79. The business has a 50 day moving average price of $382.34 and a 200 day moving average price of $396.05.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) 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 firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $5.43 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts anticipate that TopBuild Corp. will post 20.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. DA Davidson decreased their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Truist Financial decreased their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Evercore ISI decreased their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group decreased their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $440.44.

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.