Nomura Asset Management Co. Ltd. Increases Stock Holdings in TopBuild Corp. (NYSE:BLD)

Nomura Asset Management Co. Ltd. raised its position in TopBuild Corp. (NYSE:BLD) by 281.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381 shares of the construction company’s stock after acquiring an additional 281 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in TopBuild were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its holdings in shares of TopBuild by 0.4% in the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after purchasing an additional 23 shares in the last quarter. CIBC Asset Management Inc boosted its position in TopBuild by 3.5% in the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after buying an additional 30 shares during the period. Fifth Third Bancorp grew its stake in shares of TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after acquiring an additional 31 shares in the last quarter. Hanseatic Management Services Inc. increased its position in shares of TopBuild by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after acquiring an additional 31 shares during the period. Finally, TFG Advisers LLC raised its stake in shares of TopBuild by 1.1% in the third quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock valued at $1,210,000 after acquiring an additional 31 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on BLD. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group decreased their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday. Evercore ISI reduced their target price on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, DA Davidson decreased their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and an average price target of $447.13.

TopBuild Price Performance

BLD stock opened at $344.27 on Monday. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.31 and a beta of 1.79. TopBuild Corp. has a fifty-two week low of $340.13 and a fifty-two week 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 business has a 50 day moving average price of $375.48 and a 200 day moving average price of $393.01.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.43 EPS. Equities research analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current fiscal 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.