Segall Bryant & Hamill LLC Decreases Holdings in TopBuild Corp. (NYSE:BLD)

Segall Bryant & Hamill LLC reduced its stake in TopBuild Corp. (NYSE:BLD) by 27.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 12,176 shares of the construction company’s stock after selling 4,532 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in TopBuild were worth $4,953,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BLD. 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 stake in shares of TopBuild in the 3rd quarter worth approximately $45,000. UMB Bank n.a. lifted its stake in 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 purchasing an additional 62 shares during the last quarter. Blue Trust Inc. grew its holdings in TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after purchasing an additional 63 shares during the period. Finally, Fifth Third Bancorp increased its position in TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after buying an additional 31 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Evercore ISI cut their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. DA Davidson dropped their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group reduced their price objective 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. Finally, Truist Financial dropped their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Price Performance

TopBuild stock opened at $373.05 on Friday. The business has a 50-day simple moving average of $382.61 and a 200 day simple moving average of $396.37. TopBuild Corp. has a 52 week low of $291.98 and a 52 week high of $495.68. The stock 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. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm posted $5.43 earnings per share. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts forecast that TopBuild Corp. will post 21 earnings per share for the current fiscal year.

TopBuild 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.