Nisa Investment Advisors LLC Has $4.59 Million Position in TopBuild Corp. (NYSE:BLD)

Nisa Investment Advisors LLC cut its stake in TopBuild Corp. (NYSE:BLD) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,285 shares of the construction company’s stock after selling 2,973 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TopBuild were worth $4,591,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild in the second quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC bought a new stake in shares of TopBuild in the 1st quarter valued at $31,000. UMB Bank n.a. raised its stake 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 buying an additional 62 shares during the period. Headlands Technologies LLC acquired a new stake in TopBuild during the 1st quarter worth $56,000. Finally, Blue Trust Inc. lifted its holdings in TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after acquiring an additional 63 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BLD shares. Jefferies Financial Group dropped their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Truist Financial cut their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. DA Davidson lowered 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. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Evercore ISI increased their target price on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus price target of $446.89.

TopBuild Stock Down 0.8 %

TopBuild stock opened at $353.26 on Friday. The company has a fifty day simple moving average of $388.75 and a 200 day simple moving average of $400.58. 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 1-year low of $225.45 and a 1-year high of $495.68. The company has a market cap of $11.24 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm posted $5.25 EPS. TopBuild’s revenue was up 3.7% compared to the same quarter last year. Research analysts anticipate that TopBuild Corp. will post 21.08 earnings per share for the current fiscal year.

TopBuild Company 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.