MQS Management LLC Makes New $298,000 Investment in TopBuild Corp. (NYSE:BLD)

MQS Management LLC bought a new stake in shares of TopBuild Corp. (NYSE:BLD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 733 shares of the construction company’s stock, valued at approximately $298,000.

Other institutional investors have also recently made changes to their positions in the company. Liontrust Investment Partners LLP boosted its holdings in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after purchasing an additional 57,880 shares during the last quarter. Forge First Asset Management Inc. purchased a new stake in TopBuild during the first quarter valued at $16,158,000. Distillate Capital Partners LLC bought a new position in TopBuild in the second quarter valued at about $13,832,000. Vident Advisory LLC purchased a new position in TopBuild in the first quarter worth about $13,707,000. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of TopBuild during the 3rd quarter valued at about $12,208,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BLD. Stephens dropped their price objective 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. Truist Financial reduced their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Finally, Evercore ISI cut their price objective on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Stock Up 1.1 %

BLD opened at $363.22 on Friday. The company has a market capitalization of $10.71 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 2.26 and a beta of 1.79. The firm has a 50-day simple moving average of $383.75 and a two-hundred day simple moving average of $398.30. 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 Corp. has a 52 week low of $287.62 and a 52 week high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company earned $5.43 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. Analysts forecast that TopBuild Corp. will post 21.06 earnings per share for the current fiscal 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.