TopBuild Corp. (NYSE:BLD) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in TopBuild Corp. (NYSE:BLD) by 9.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,440 shares of the construction company’s stock after acquiring an additional 457 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TopBuild were worth $2,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. purchased a new position in TopBuild during the 3rd quarter worth $114,220,000. Natixis Advisors LLC purchased a new position in shares of TopBuild during the third quarter worth about $41,981,000. Liontrust Investment Partners LLP increased its position in TopBuild by 21.1% in 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 during the period. Distillate Capital Partners LLC acquired a new position in TopBuild in the 2nd quarter valued at about $13,832,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in TopBuild during the 3rd quarter valued at approximately $12,208,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

BLD stock opened at $406.67 on Tuesday. The firm has a 50 day moving average of $382.64 and a 200-day moving average of $396.04. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.35 and a beta of 1.79. 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 $292.20 and a 12-month high of $495.68.

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. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $5.43 earnings per share. As a group, equities analysts expect that TopBuild Corp. will post 20.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. DA Davidson dropped their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Evercore ISI lowered their target price 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. Truist Financial cut their price target 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. Finally, Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.