TopBuild Corp. (NYSE:BLD) Stake Increased by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its stake in TopBuild Corp. (NYSE:BLD) by 19,538.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,124 shares of the construction company’s stock after buying an additional 4,103 shares during the period. Meeder Asset Management Inc.’s holdings in TopBuild were worth $1,678,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in TopBuild during the third quarter valued at approximately $114,220,000. Natixis Advisors LLC bought a new stake in shares of TopBuild in the 3rd quarter valued at approximately $41,981,000. Liontrust Investment Partners LLP raised its position in shares of TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 shares in the last quarter. Distillate Capital Partners LLC bought a new position in TopBuild during the second quarter worth $13,832,000. Finally, Vident Advisory LLC acquired a new position in TopBuild in the first quarter worth $13,707,000. 95.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BLD shares. Jefferies Financial Group dropped their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. DA Davidson cut their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Stephens reduced their price target 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. Evercore ISI dropped their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Trading Up 1.1 %

Shares of TopBuild stock opened at $350.85 on Tuesday. The business has a fifty day simple moving average of $383.30 and a 200-day simple moving average of $397.31. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. TopBuild Corp. has a fifty-two week low of $291.98 and a fifty-two week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

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. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business posted $5.43 EPS. The company’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts forecast that TopBuild Corp. will post 21 EPS for the current fiscal year.

TopBuild 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.