TopBuild Corp. (NYSE:BLD) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its position in TopBuild Corp. (NYSE:BLD) by 3.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,007 shares of the construction company’s stock after selling 635 shares during the period. Moran Wealth Management LLC’s holdings in TopBuild were worth $7,325,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild during the first quarter worth $31,000. O Shaughnessy Asset Management LLC raised its position in shares of TopBuild by 3.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,464 shares of the construction company’s stock worth $1,967,000 after purchasing an additional 128 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of TopBuild by 1.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 23,019 shares of the construction company’s stock worth $10,150,000 after purchasing an additional 306 shares during the period. Truvestments Capital LLC acquired a new stake in shares of TopBuild during the first quarter worth $439,000. Finally, Lazard Asset Management LLC raised its position in shares of 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 purchasing an additional 25,973 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD stock opened at $351.05 on Thursday. TopBuild Corp. has a 1 year low of $291.98 and a 1 year high of $495.68. The firm’s 50 day moving average is $382.79 and its 200-day moving average is $396.62. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 2.19 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 (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business earned $5.43 earnings per share. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts forecast that TopBuild Corp. will post 21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BLD. Truist Financial cut their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Stephens dropped their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. 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 report on Wednesday, October 9th. DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.