Icon Wealth Advisors LLC Purchases 2,008 Shares of TopBuild Corp. (NYSE:BLD)

Icon Wealth Advisors LLC raised its position in shares of TopBuild Corp. (NYSE:BLD) by 704.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,293 shares of the construction company’s stock after purchasing an additional 2,008 shares during the quarter. Icon Wealth Advisors LLC’s holdings in TopBuild were worth $933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new position in shares of TopBuild in the second quarter worth approximately $30,000. Kennebec Savings Bank bought a new position in TopBuild in the third quarter worth approximately $45,000. UMB Bank n.a. raised its position in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after acquiring an additional 62 shares during the period. Blue Trust Inc. boosted its stake in shares of TopBuild by 27.4% during the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after acquiring an additional 63 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of TopBuild by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

BLD has been the topic of a number of recent research reports. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. DA Davidson lowered their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Stephens cut their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Evercore ISI lowered their price target 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. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Stock Up 3.3 %

Shares of BLD opened at $373.05 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average of $382.61 and a 200 day moving average of $396.37. The company has a market cap of $11.01 billion, a PE ratio of 18.82, a P/E/G ratio of 2.20 and a beta of 1.79. TopBuild Corp. has a 52-week low of $291.98 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 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 firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company earned $5.43 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts expect that TopBuild Corp. will post 21 EPS 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.