Boston Common Asset Management LLC Sells 5,823 Shares of TopBuild Corp. (NYSE:BLD)

Boston Common Asset Management LLC cut its stake in TopBuild Corp. (NYSE:BLD) by 13.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 36,234 shares of the construction company’s stock after selling 5,823 shares during the period. Boston Common Asset Management LLC’s holdings in TopBuild were worth $14,740,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. UMB Bank n.a. boosted its holdings in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after acquiring an additional 62 shares during the last quarter. CWM LLC boosted its holdings in TopBuild by 10.3% in the third quarter. CWM LLC now owns 387 shares of the construction company’s stock valued at $157,000 after acquiring an additional 36 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in TopBuild by 21.6% in the third quarter. Handelsbanken Fonder AB now owns 8,437 shares of the construction company’s stock valued at $3,432,000 after acquiring an additional 1,500 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in TopBuild by 8.0% in the third quarter. Harbor Investment Advisory LLC now owns 541 shares of the construction company’s stock valued at $220,000 after acquiring an additional 40 shares during the last quarter. Finally, Apella Capital LLC bought a new stake in TopBuild in the third quarter valued at approximately $201,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLD has been the topic of several recent analyst reports. Truist Financial dropped their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group dropped their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday. Evercore ISI dropped their price target on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $446.67.

TopBuild Stock Down 1.8 %

BLD stock opened at $385.52 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.53 and a beta of 1.77. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The stock has a fifty day moving average of $388.90 and a 200-day moving average of $405.66.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. 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 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts predict that TopBuild Corp. will post 21.18 earnings per share for the current year.

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.