TopBuild Corp. (NYSE:BLD) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,134 shares of the construction company’s stock after selling 63 shares during the period. M&T Bank Corp’s holdings in TopBuild were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. grew its stake in shares of TopBuild by 0.4% during the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock worth $2,379,000 after acquiring an additional 23 shares during the last quarter. Blue Trust Inc. grew its position in 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 purchasing an additional 63 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in TopBuild by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock valued at $5,493,000 after purchasing an additional 820 shares in the last quarter. Fifth Third Bancorp increased its stake in 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 purchasing an additional 31 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of TopBuild in the second quarter worth $421,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BLD. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $443.00 to $381.00 in a report on Monday. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $439.38.

TopBuild Price Performance

NYSE:BLD opened at $338.29 on Wednesday. The company has a 50 day moving average price of $373.62 and a 200-day moving average price of $391.93. TopBuild Corp. has a 1-year low of $331.22 and a 1-year high of $495.68. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. 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 (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating 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 company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company earned $5.43 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts forecast 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.