Cynosure Group LLC Sells 895 Shares of TopBuild Corp. (NYSE:BLD)

Cynosure Group LLC reduced its stake in TopBuild Corp. (NYSE:BLD) by 50.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 884 shares of the construction company’s stock after selling 895 shares during the period. Cynosure Group LLC’s holdings in TopBuild were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Janus Henderson Group PLC grew its position 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 during the period. Swedbank AB bought a new stake in shares of TopBuild in the 1st quarter worth about $12,275,000. Cetera Investment Advisers lifted its holdings in TopBuild by 152.4% during the 1st quarter. Cetera Investment Advisers now owns 3,960 shares of the construction company’s stock valued at $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 valued at about $413,000. Finally, DekaBank Deutsche Girozentrale grew its stake in TopBuild by 29.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock worth $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

A number of research firms have recently issued reports on BLD. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Truist Financial reduced their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Stephens cut their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, Evercore ISI decreased their price objective 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. Two 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Stock Performance

TopBuild stock opened at $390.00 on Friday. TopBuild Corp. has a 1 year low of $292.20 and a 1 year high of $495.68. The company’s 50-day moving average is $382.18 and its two-hundred day moving average is $395.81. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company has a market cap of $11.51 billion, a PE ratio of 19.68, a PEG ratio of 2.56 and a beta of 1.79.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $5.43 earnings per share. Equities analysts anticipate that TopBuild Corp. will post 20.99 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.