Premier Fund Managers Ltd Buys New Shares in TopBuild Corp. (NYSE:BLD)

Premier Fund Managers Ltd bought a new stake in TopBuild Corp. (NYSE:BLD) during the third quarter, HoldingsChannel reports. The fund bought 536 shares of the construction company’s stock, valued at approximately $220,000.

Other institutional investors have also added to or reduced their stakes in the company. Liontrust Investment Partners LLP grew its stake in shares of TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after purchasing an additional 57,880 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TopBuild in the third quarter worth about $114,220,000. Bank of New York Mellon Corp lifted 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 buying an additional 2,133 shares during the period. Lazard Asset Management LLC lifted its holdings in TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after buying an additional 25,973 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in TopBuild by 7.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company’s stock worth $53,097,000 after buying an additional 10,000 shares during the period. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 0.3 %

NYSE:BLD opened at $351.05 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 12 month low of $291.98 and a 12 month high of $495.68. The company has a market cap of $10.36 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. The company has a 50 day simple moving average of $382.79 and a two-hundred day simple moving average of $396.62.

TopBuild (NYSE:BLD) last posted its earnings results 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 business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.43 EPS. Research analysts forecast that TopBuild Corp. will post 21 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLD has been the subject of several research analyst reports. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group lowered 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. Evercore ISI lowered their target price on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Stephens lowered their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial decreased their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.