Segall Bryant & Hamill LLC Decreases Holdings in TopBuild Corp. (NYSE:BLD)

Segall Bryant & Hamill LLC decreased its position in TopBuild Corp. (NYSE:BLD) by 27.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,176 shares of the construction company’s stock after selling 4,532 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in TopBuild were worth $4,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TopBuild in the 3rd quarter worth approximately $114,220,000. Natixis Advisors LLC bought a new stake in TopBuild in the third quarter worth $41,981,000. Liontrust Investment Partners LLP lifted its stake in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after purchasing an additional 57,880 shares during the last quarter. Distillate Capital Partners LLC purchased a new stake in TopBuild during the second quarter valued at about $13,832,000. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of TopBuild during the third quarter valued at about $12,208,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BLD. Jefferies Financial Group reduced 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. Evercore ISI dropped their price objective on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Truist Financial decreased their target price on shares of 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 upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, Stephens decreased their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Price Performance

Shares of NYSE BLD opened at $373.05 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a 1 year low of $291.98 and a 1 year high of $495.68. The company’s 50-day moving average is $382.61 and its 200 day moving average is $396.37. The stock has a market capitalization of $11.01 billion, a P/E ratio of 18.82, a P/E/G ratio of 2.20 and a beta of 1.79.

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 the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned $5.43 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts expect that TopBuild Corp. will post 21 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.