Victory Capital Management Inc. Has $17.74 Million Position in TopBuild Corp. (NYSE:BLD)

Victory Capital Management Inc. lifted its stake in shares of TopBuild Corp. (NYSE:BLD) by 29.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,608 shares of the construction company’s stock after acquiring an additional 10,050 shares during the period. Victory Capital Management Inc. owned 0.14% of TopBuild worth $17,740,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BLD. Lazard Asset Management LLC raised its holdings in TopBuild by 18.2% during 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 last quarter. Nisa Investment Advisors LLC raised its holdings in TopBuild by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock worth $5,493,000 after buying an additional 820 shares during the last quarter. Vanguard Group Inc. raised its holdings in TopBuild by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock worth $1,317,795,000 after buying an additional 15,965 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of TopBuild by 29.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock worth $56,489,000 after acquiring an additional 30,000 shares in the last quarter. Finally, River Global Investors LLP grew its stake in shares of TopBuild by 27.3% in the 3rd quarter. River Global Investors LLP now owns 6,930 shares of the construction company’s stock worth $2,818,000 after acquiring an additional 1,485 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the subject of several recent analyst reports. 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. Truist Financial reduced their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Evercore ISI reduced their target price on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. 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 research report on Thursday, August 8th. Finally, DA Davidson reduced their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Price Performance

Shares of NYSE:BLD opened at $350.85 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $10.35 billion, a PE ratio of 17.70, a P/E/G ratio of 2.19 and a beta of 1.79. TopBuild Corp. has a twelve month low of $291.98 and a twelve month high of $495.68. The company has a 50-day moving average price of $383.30 and a two-hundred day moving average price of $397.31.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $5.43 earnings per share. Equities analysts forecast that TopBuild Corp. will post 21 EPS for the current 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.