Empowered Funds LLC Buys 19,478 Shares of TopBuild Corp. (NYSE:BLD)

Empowered Funds LLC raised its stake in shares of TopBuild Corp. (NYSE:BLD) by 438.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,920 shares of the construction company’s stock after buying an additional 19,478 shares during the period. Empowered Funds LLC owned about 0.08% of TopBuild worth $9,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in TopBuild in the first quarter valued at about $31,000. Ashton Thomas Private Wealth LLC bought a new position in TopBuild in the second quarter worth approximately $30,000. Kennebec Savings Bank purchased a new position in shares of TopBuild during the 3rd quarter worth $45,000. Headlands Technologies LLC bought a new stake in shares of TopBuild during the 1st quarter valued at $56,000. Finally, UMB Bank n.a. increased its stake in shares of TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after purchasing an additional 62 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Performance

BLD opened at $347.50 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.26 and a beta of 1.79. The company has a fifty day moving average of $383.49 and a 200 day moving average of $397.84. TopBuild Corp. has a fifty-two week low of $290.00 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings data 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. The firm 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%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.43 earnings per share. As a group, sell-side analysts forecast that TopBuild Corp. will post 21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Stephens cut their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Jefferies Financial Group decreased their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI dropped their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

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.