M&T Bank Corp Sells 63 Shares of TopBuild Corp. (NYSE:BLD)

M&T Bank Corp lowered its position in TopBuild Corp. (NYSE:BLD) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 large investors have also modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild during the 2nd quarter valued at $30,000. Kennebec Savings Bank bought a new stake in shares of TopBuild during the third quarter worth $45,000. Quantbot Technologies LP purchased a new stake in shares of TopBuild during the third quarter valued at $45,000. UMB Bank n.a. grew its holdings 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 purchasing an additional 62 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in TopBuild by 151.4% in the 3rd quarter. Private Trust Co. NA now owns 176 shares of the construction company’s stock worth $72,000 after buying an additional 106 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Down 0.5 %

Shares of NYSE BLD opened at $338.29 on Wednesday. TopBuild Corp. has a 12-month low of $331.22 and a 12-month high of $495.68. The stock’s fifty day simple moving average is $373.62 and its two-hundred day simple moving average is $391.93. The stock has a market capitalization of $9.98 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last issued 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. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $5.43 earnings per share. As a group, analysts expect that TopBuild Corp. will post 20.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.