Fortem Financial Group LLC Buys 4,283 Shares of TopBuild Corp. (NYSE:BLD)

Fortem Financial Group LLC grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 450.8% in the third quarter, HoldingsChannel.com reports. The fund owned 5,233 shares of the construction company’s stock after acquiring an additional 4,283 shares during the quarter. TopBuild comprises about 0.9% of Fortem Financial Group LLC’s investment portfolio, making the stock its 28th biggest position. Fortem Financial Group LLC’s holdings in TopBuild were worth $2,129,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BLD. Pitcairn Co. lifted its holdings in shares of TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after acquiring an additional 1,422 shares during the period. Nisa Investment Advisors LLC lifted 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 last quarter. Icon Wealth Advisors LLC lifted its position in shares of TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock worth $933,000 after buying an additional 2,008 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after buying an additional 48,562 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of TopBuild by 72.0% during the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock worth $4,600,000 after buying an additional 4,703 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Price Performance

BLD stock opened at $366.19 on Wednesday. The company has a market capitalization of $10.80 billion, a P/E ratio of 18.48, a PEG ratio of 2.37 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a 52-week low of $317.72 and a 52-week high of $495.68. The company has a fifty day moving average price of $377.88 and a 200-day moving average price of $394.03.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.43 earnings per share. As a group, equities analysts expect that TopBuild Corp. will post 20.95 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BLD shares. DA Davidson dropped their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Evercore ISI dropped their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Jefferies Financial Group dropped 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, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.