GSA Capital Partners LLP Invests $375,000 in TopBuild Corp. (NYSE:BLD)

GSA Capital Partners LLP purchased a new stake in TopBuild Corp. (NYSE:BLD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 922 shares of the construction company’s stock, valued at approximately $375,000.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild in the 2nd quarter valued at $30,000. Kennebec Savings Bank acquired a new position in TopBuild in the 3rd quarter valued at $45,000. UMB Bank n.a. raised its holdings in TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after acquiring an additional 62 shares in the last quarter. Blue Trust Inc. raised its holdings in TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after acquiring an additional 63 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in TopBuild by 10.3% in the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after acquiring an additional 31 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. DA Davidson lowered their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group lowered their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI lowered their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Stephens lowered their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Trading Up 2.9 %

NYSE BLD opened at $361.14 on Friday. The business’s 50-day moving average price is $382.61 and its two-hundred day moving average price is $396.37. TopBuild Corp. has a 12 month low of $291.98 and a 12 month high of $495.68. The firm has a market capitalization of $10.65 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 2.20 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 released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the company posted $5.43 EPS. The business’s revenue was up 3.6% on a year-over-year basis. On average, analysts expect that TopBuild Corp. will post 21 EPS for the current 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.