Insigneo Advisory Services LLC Sells 224 Shares of TopBuild Corp. (NYSE:BLD)

Insigneo Advisory Services LLC reduced its stake in TopBuild Corp. (NYSE:BLD) by 27.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 601 shares of the construction company’s stock after selling 224 shares during the period. Insigneo Advisory Services LLC’s holdings in TopBuild were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLD. UBS Group AG increased its holdings in TopBuild by 0.3% in the 4th quarter. UBS Group AG now owns 16,659 shares of the construction company’s stock valued at $6,235,000 after acquiring an additional 47 shares during the last quarter. Wells Fargo & Company MN increased its holdings in TopBuild by 0.4% in the 4th quarter. Wells Fargo & Company MN now owns 48,067 shares of the construction company’s stock valued at $17,989,000 after acquiring an additional 174 shares during the last quarter. Franklin Resources Inc. increased its holdings in TopBuild by 19.2% in the 4th quarter. Franklin Resources Inc. now owns 4,549 shares of the construction company’s stock valued at $1,703,000 after acquiring an additional 734 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in TopBuild by 268.8% in the 4th quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company’s stock valued at $27,703,000 after acquiring an additional 53,950 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in TopBuild by 0.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 14,616 shares of the construction company’s stock valued at $5,470,000 after acquiring an additional 131 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $409.64 on Friday. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.53 and a beta of 1.77. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68. The firm’s 50-day moving average is $400.77 and its 200 day moving average is $407.05. 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 (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing the consensus estimate of $5.68 by ($0.26). The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.25 earnings per share. Research analysts predict that TopBuild Corp. will post 21.18 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Monday, September 23rd. Evercore ISI reduced their target price on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Jefferies Financial Group boosted their target price on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Stephens reduced their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, Truist Financial reduced their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $449.00.

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.