Y Intercept Hong Kong Ltd Buys New Position in TopBuild Corp. (NYSE:BLD)

Y Intercept Hong Kong Ltd bought a new stake in shares of TopBuild Corp. (NYSE:BLD) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,014 shares of the construction company’s stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLD. Ashton Thomas Private Wealth LLC acquired a new position in shares of TopBuild during the second quarter valued at approximately $30,000. Kennebec Savings Bank bought a new position in TopBuild during the 3rd quarter valued at $45,000. Quantbot Technologies LP acquired a new position in shares of TopBuild during the 3rd quarter valued at $45,000. UMB Bank n.a. raised its stake in shares of TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after buying an additional 62 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of TopBuild by 151.4% in the third quarter. Private Trust Co. NA now owns 176 shares of the construction company’s stock valued at $72,000 after buying an additional 106 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

TopBuild Stock Performance

Shares of TopBuild stock opened at $340.08 on Tuesday. TopBuild Corp. has a 12 month low of $335.28 and a 12 month 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. The stock has a market cap of $10.03 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The business has a fifty day simple moving average of $374.59 and a 200-day simple moving average of $392.49.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $5.43 EPS. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.95 EPS for the current fiscal year.

TopBuild Profile

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.