First Trust Advisors LP Has $7.38 Million Position in TopBuild Corp. $BLD

First Trust Advisors LP reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 19.2% during the 1st quarter, HoldingsChannel reports. The fund owned 21,022 shares of the construction company’s stock after selling 4,993 shares during the period. First Trust Advisors LP’s holdings in TopBuild were worth $7,385,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC grew its stake in TopBuild by 48.2% in the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock valued at $774,000 after purchasing an additional 837 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in TopBuild by 106.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company’s stock worth $77,000 after purchasing an additional 123 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of TopBuild during the 2nd quarter worth about $489,000. Federated Hermes Inc. raised its stake in shares of TopBuild by 10.7% during the 2nd quarter. Federated Hermes Inc. now owns 6,759 shares of the construction company’s stock worth $2,188,000 after purchasing an additional 654 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of TopBuild by 4.2% during the 2nd quarter. Cerity Partners LLC now owns 1,722 shares of the construction company’s stock valued at $557,000 after buying an additional 70 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. UBS Group set a $440.00 price target on TopBuild in a research note on Wednesday, May 6th. Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price for the company. in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Wells Fargo & Company cut their price target on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $465.00.

TopBuild Price Performance

Shares of TopBuild stock opened at $354.53 on Friday. TopBuild Corp. has a 12-month low of $321.67 and a 12-month high of $559.47. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average price of $383.73 and a two-hundred day moving average price of $417.93. The stock has a market capitalization of $9.94 billion, a P/E ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm posted $4.63 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Equities analysts expect that TopBuild Corp. will post 18.07 earnings per share for the current year.

TopBuild Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.