Bleakley Financial Group LLC Has $330,000 Stake in TopBuild Corp. (NYSE:BLD)

Bleakley Financial Group LLC decreased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 812 shares of the construction company’s stock after selling 62 shares during the quarter. Bleakley Financial Group LLC’s holdings in TopBuild were worth $330,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BLD. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild during the second quarter worth about $30,000. Allspring Global Investments Holdings LLC acquired a new position in shares of TopBuild in the first quarter valued at approximately $31,000. UMB Bank n.a. increased its stake 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 valued at $54,000 after buying an additional 62 shares during the period. Headlands Technologies LLC acquired a new position in shares of TopBuild in the first quarter valued at approximately $56,000. Finally, Blue Trust Inc. increased its stake in shares of TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BLD. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Stephens reduced their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Evercore ISI upped their target price on TopBuild from $489.00 to $491.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. DA Davidson reduced their target price on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Truist Financial cut their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $446.89.

TopBuild Trading Down 3.6 %

Shares of TopBuild stock opened at $378.52 on Wednesday. TopBuild Corp. has a 1 year low of $217.08 and a 1 year high of $495.68. The firm has a market cap of $12.04 billion, a PE ratio of 19.32, a P/E/G ratio of 2.45 and a beta of 1.77. The stock has a fifty day moving average price of $390.29 and a 200-day moving average price of $403.45. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82.

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