1,014 Shares in TopBuild Corp. (NYSE:BLD) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in TopBuild Corp. (NYSE:BLD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,014 shares of the construction company’s stock, valued at approximately $413,000.

Several other large investors also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild in the second quarter valued at about $30,000. Quantbot Technologies LP purchased a new position in shares of TopBuild during the 3rd quarter valued at approximately $45,000. Kennebec Savings Bank acquired a new stake in shares of TopBuild during the third quarter worth approximately $45,000. UMB Bank n.a. increased its stake in shares of TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after buying an additional 62 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in 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 acquiring an additional 106 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

Shares of BLD opened at $340.08 on Tuesday. The firm has a fifty day moving average of $374.59 and a 200-day moving average of $392.49. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 17.16, 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 quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a 1 year low of $335.28 and a 1 year high of $495.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. The firm 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%. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.43 EPS. As a group, equities analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current year.

Analyst Ratings Changes

BLD has been the subject of several recent analyst reports. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday. DA Davidson lowered their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the company from $443.00 to $381.00 in a research report on Monday. Finally, Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $439.38.

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.