Raymond James & Associates Has $5.37 Million Holdings in TopBuild Corp. (NYSE:BLD)

Raymond James & Associates trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD) by 20.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 13,203 shares of the construction company’s stock after selling 3,362 shares during the quarter. Raymond James & Associates’ holdings in TopBuild were worth $5,371,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. grew 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 purchasing an additional 23 shares during the period. Andina Capital Management LLC increased its position in shares of TopBuild by 3.2% in the 2nd quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock valued at $335,000 after buying an additional 27 shares in the last quarter. CIBC Asset Management Inc raised its stake in TopBuild by 3.5% during the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after buying an additional 30 shares during the period. Fifth Third Bancorp lifted its holdings in TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after acquiring an additional 31 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its stake in TopBuild by 1.7% in 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 institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research analyst reports. Stephens dropped their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Evercore ISI upped their price target on shares of TopBuild from $489.00 to $491.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Truist Financial dropped their price objective on shares of 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 shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, DA Davidson dropped their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $446.89.

TopBuild Trading Up 0.2 %

TopBuild stock opened at $353.94 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The firm has a 50-day moving average of $386.99 and a 200-day moving average of $399.86. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 2.23 and a beta of 1.77. TopBuild Corp. has a one year low of $249.89 and a one year high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business earned $5.25 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts expect that TopBuild Corp. will post 21.03 earnings per share 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.