Moran Wealth Management LLC Sells 635 Shares of TopBuild Corp. (NYSE:BLD)

Moran Wealth Management LLC cut its stake in TopBuild Corp. (NYSE:BLDFree Report) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,007 shares of the construction company’s stock after selling 635 shares during the period. Moran Wealth Management LLC owned 0.06% of TopBuild worth $7,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Lazard Asset Management LLC increased its holdings in shares of TopBuild by 18.2% during the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after purchasing an additional 25,973 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in TopBuild by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock worth $5,493,000 after purchasing an additional 820 shares during the period. DekaBank Deutsche Girozentrale increased its stake in TopBuild by 29.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock worth $56,489,000 after purchasing an additional 30,000 shares during the period. River Global Investors LLP increased its stake in shares of TopBuild by 27.3% during the third quarter. River Global Investors LLP now owns 6,930 shares of the construction company’s stock worth $2,818,000 after buying an additional 1,485 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of TopBuild during the second quarter worth approximately $262,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BLD shares. Stephens dropped their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Truist Financial dropped 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. DA Davidson dropped 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. Evercore ISI decreased their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

View Our Latest Stock Report on BLD

TopBuild Price Performance

Shares of NYSE BLD opened at $351.05 on Thursday. TopBuild Corp. has a twelve month low of $291.98 and a twelve month high of $495.68. 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 company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. The business has a 50 day simple moving average of $382.79 and a 200-day simple moving average of $396.62.

TopBuild (NYSE:BLDGet Free Report) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm posted $5.43 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that TopBuild Corp. will post 21 earnings per share for the current year.

TopBuild Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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