Citigroup Inc. Raises Stock Holdings in TopBuild Corp. (NYSE:BLD)

Citigroup Inc. boosted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 41.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,877 shares of the construction company’s stock after purchasing an additional 9,087 shares during the quarter. Citigroup Inc.’s holdings in TopBuild were worth $12,561,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in TopBuild by 0.5% in the first quarter. Janus Henderson Group PLC now owns 17,713 shares of the construction company’s stock valued at $7,807,000 after acquiring an additional 94 shares in the last quarter. Swedbank AB acquired a new stake in shares of TopBuild in the 1st quarter valued at about $12,275,000. Cetera Investment Advisers lifted its position in shares of TopBuild by 152.4% during the first quarter. Cetera Investment Advisers now owns 3,960 shares of the construction company’s stock worth $1,745,000 after purchasing an additional 2,391 shares during the last quarter. Cetera Advisors LLC acquired a new position in TopBuild in the first quarter worth about $413,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in TopBuild by 29.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock valued at $56,489,000 after buying an additional 30,000 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BLD. DA Davidson decreased their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group lowered 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. Evercore ISI reduced their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Stephens lowered their price objective 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, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Stock Up 0.5 %

BLD opened at $390.00 on Friday. The stock’s 50 day moving average price is $382.18 and its 200 day moving average price is $395.81. 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 stock has a market cap of $11.51 billion, a P/E ratio of 19.68, a P/E/G ratio of 2.56 and a beta of 1.79. TopBuild Corp. has a 12 month low of $292.20 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion for 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 business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $5.43 earnings per share. As a group, research analysts predict that TopBuild Corp. will post 20.99 earnings per share for the current year.

TopBuild Company 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.