Icon Wealth Advisors LLC Grows Holdings in TopBuild Corp. (NYSE:BLD)

Icon Wealth Advisors LLC grew its position in shares of TopBuild Corp. (NYSE:BLD) by 704.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,293 shares of the construction company’s stock after buying an additional 2,008 shares during the quarter. Icon Wealth Advisors LLC’s holdings in TopBuild were worth $933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild in the second quarter worth about $30,000. Kennebec Savings Bank bought a new position in shares of TopBuild in the third quarter valued at approximately $45,000. UMB Bank n.a. increased its holdings 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 worth $54,000 after purchasing an additional 62 shares during the period. Blue Trust Inc. increased its stake 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 acquiring an additional 63 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of 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. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Up 3.3 %

TopBuild stock opened at $373.05 on Friday. TopBuild Corp. has a 12 month low of $291.98 and a 12 month high of $495.68. The stock has a fifty day simple moving average of $382.61 and a two-hundred day simple moving average of $396.37. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 2.20 and a beta of 1.79.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion during 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%. TopBuild’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.43 EPS. Equities analysts predict that TopBuild Corp. will post 21 EPS for the current fiscal year.

Analysts Set New Price Targets

BLD has been the topic of a number of research analyst reports. Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group lowered their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. DA Davidson decreased their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Stephens reduced their price target on 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 lowered their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and an average target price of $440.44.

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.