TopBuild Corp. (NYSE:BLD) position cut by ProShare Advisors LLC

ProShare Advisors LLC reduced its holdings in TopBuild Corp. (NYSE:BLD – Free Report) by 3.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,491 shares of the construction company’s stock after selling 51 shares during the period. ProShare Advisors LLC’s holdings in TopBuild were worth $574,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in TopBuild in the second quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC acquired a new position in TopBuild in the first quarter valued at about $31,000. Rise Advisors LLC bought a new position in shares of TopBuild in the first quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new stake in shares of TopBuild in the 1st quarter worth approximately $56,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of TopBuild by 2,300.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company’s stock worth $99,000 after buying an additional 253 shares during the period. 95.67% of shares are owned by institutional investors and hedge funds.

Changes in Analyst Ratings

A number of brokerages have recently commented on BLD. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Monday, September 23rd. Evercore ISI cut their price target on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group boosted their price objective on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Stephens cut their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, DA Davidson decreased their price target on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and an average target price of $449.00, according to MarketBeat.com.

Check out our latest report on TopBuild

TopBuild price performance

Shares of NYSE BLD opened at $409.33 on Monday. The firm has a 50 day moving average of $400.77 and a two hundred day moving average of $407.03. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.53 and a beta of 1.77. The company has a current ratio of 2.34, a quick ratio of 1.82, and a debt-to-equity ratio of 0.57. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $495.68.

TopBuild (NYSE:BLD – Get Your Free Report ) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. In the same quarter last year, the business earned $5.25 EPS. As a group, analysts expect TopBuild Corp. to post 21.18 earnings per share for the current fiscal year.

About TopBuild

(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. Offers insulation products and accessories, glass and windows, gutters, garage doors, fireplaces, roofing materials, cabinet shelving and more.

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