TopBuild Corp. (NYSE:BLD) Shares Purchased by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. raised its stake in TopBuild Corp. (NYSE:BLD) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,213 shares of the construction company’s stock after purchasing an additional 2,758 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in TopBuild were worth $15,545,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild in the second quarter valued at $30,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of TopBuild during the 1st quarter worth about $31,000. UMB Bank n.a. increased its position in TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after purchasing an additional 62 shares in the last quarter. Headlands Technologies LLC purchased a new position in TopBuild in the first quarter valued at approximately $56,000. Finally, Blue Trust Inc. lifted its position in TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after buying an additional 63 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Up 1.4 %

Shares of NYSE:BLD opened at $414.77 on Friday. The firm has a market cap of $13.20 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77. The company has a fifty day simple moving average of $389.93 and a 200 day simple moving average of $404.22. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing the consensus estimate of $5.68 by ($0.26). The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $5.25 EPS. On average, equities research analysts anticipate that TopBuild Corp. will post 21.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. DA Davidson dropped their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Truist Financial lowered their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Evercore ISI boosted their price objective on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research note on Wednesday. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Stephens reduced their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $446.89.

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.