Bank of Montreal Can Buys 4,703 Shares of TopBuild Corp. (NYSE:BLD)

Bank of Montreal Can lifted its position in TopBuild Corp. (NYSE:BLD) by 72.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,239 shares of the construction company’s stock after purchasing an additional 4,703 shares during the quarter. Bank of Montreal Can’s holdings in TopBuild were worth $4,600,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BLD. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild during the 2nd quarter worth about $30,000. Kennebec Savings Bank acquired a new position in shares of TopBuild during the third quarter worth approximately $45,000. UMB Bank n.a. grew its stake in shares of TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after purchasing an additional 62 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of 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 purchasing an additional 106 shares in the last quarter. Finally, Blue Trust Inc. raised its position in TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Up 0.9 %

Shares of NYSE BLD opened at $392.77 on Wednesday. TopBuild Corp. has a twelve month low of $305.00 and a twelve month high of $495.68. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 2.45 and a beta of 1.79. 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 company’s fifty day moving average is $380.92 and its 200-day moving average is $395.12.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.43 earnings per share. Equities research analysts predict that TopBuild Corp. will post 20.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Truist Financial decreased their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. DA Davidson lowered their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Stephens cut their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Evercore ISI lowered their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $440.44.

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.