State Street Corp Acquires 34,911 Shares of TopBuild Corp. (NYSE:BLD)

State Street Corp increased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 3.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,120,029 shares of the construction company’s stock after purchasing an additional 34,911 shares during the period. State Street Corp’s holdings in TopBuild were worth $455,639,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in TopBuild by 152.4% during the first 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 in the last quarter. Cetera Advisors LLC purchased a new position in shares of TopBuild in the 1st quarter worth approximately $413,000. SG Americas Securities LLC raised its stake in shares of TopBuild by 30.1% during the 2nd quarter. SG Americas Securities LLC now owns 2,227 shares of the construction company’s stock worth $858,000 after acquiring an additional 515 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in TopBuild during the second quarter valued at approximately $262,000. Finally, Assenagon Asset Management S.A. boosted its stake in TopBuild by 0.4% in the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after acquiring an additional 23 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BLD. Evercore ISI reduced their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group reduced their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, DA Davidson decreased their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Trading Up 1.1 %

TopBuild stock opened at $380.00 on Tuesday. The stock has a 50-day moving average price of $378.70 and a 200 day moving average price of $394.33. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.37 and a beta of 1.79. TopBuild Corp. has a 52 week low of $317.72 and a 52 week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion during 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $5.43 EPS. Sell-side analysts anticipate that TopBuild Corp. will post 20.95 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.