Pathstone Holdings LLC Raises Stock Holdings in TopBuild Corp. (NYSE:BLD)

Pathstone Holdings LLC raised its stake in TopBuild Corp. (NYSE:BLD) by 1.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,208 shares of the construction company’s stock after purchasing an additional 41 shares during the quarter. Pathstone Holdings LLC’s holdings in TopBuild were worth $1,712,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BLD. Atlanta Consulting Group Advisors LLC lifted its holdings in shares of TopBuild by 1.5% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock worth $1,098,000 after acquiring an additional 39 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in TopBuild during the third quarter worth $114,220,000. Natixis Advisors LLC purchased a new position in shares of TopBuild during the third quarter worth $41,981,000. Empowered Funds LLC grew its stake in shares of TopBuild by 438.5% in the third quarter. Empowered Funds LLC now owns 23,920 shares of the construction company’s stock valued at $9,731,000 after buying an additional 19,478 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in shares of TopBuild by 0.6% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock valued at $2,181,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE:BLD opened at $390.00 on Thursday. TopBuild Corp. has a 12 month low of $292.20 and a 12 month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market capitalization of $11.51 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.56 and a beta of 1.79. The business’s fifty day moving average price is $382.34 and its 200 day moving average price is $395.86.

TopBuild (NYSE:BLD) last released 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm posted $5.43 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Evercore ISI lowered their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. DA Davidson lowered their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Stephens dropped their price objective 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. Truist Financial reduced their target price 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. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.