Sheaff Brock Investment Advisors LLC Acquires 33 Shares of TopBuild Corp. (NYSE:BLD)

Sheaff Brock Investment Advisors LLC lifted its stake in TopBuild Corp. (NYSE:BLD) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,360 shares of the construction company’s stock after buying an additional 33 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in TopBuild were worth $2,181,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of TopBuild in the 2nd quarter worth approximately $30,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of TopBuild during the first quarter worth about $31,000. Kennebec Savings Bank bought a new position in TopBuild during the third quarter valued at approximately $45,000. UMB Bank n.a. boosted its stake in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after buying an additional 62 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of TopBuild in the 1st quarter valued at approximately $56,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Up 1.1 %

Shares of NYSE BLD opened at $363.22 on Friday. The stock has a market cap of $10.71 billion, a P/E ratio of 18.33, a PEG ratio of 2.26 and a beta of 1.79. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 12-month low of $287.62 and a 12-month high of $495.68. The business’s fifty day simple moving average is $383.75 and its 200-day simple moving average is $398.30.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company posted $5.43 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that TopBuild Corp. will post 21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BLD shares. Jefferies Financial Group decreased their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Evercore ISI dropped their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Truist Financial lowered 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 decreased their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Stephens cut their price target 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.