Natixis Advisors LLC Invests $41.98 Million in TopBuild Corp. (NYSE:BLD)

Natixis Advisors LLC bought a new position in shares of TopBuild Corp. (NYSE:BLD) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 103,195 shares of the construction company’s stock, valued at approximately $41,981,000.

Several other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its position in shares of TopBuild by 0.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock worth $2,379,000 after buying an additional 23 shares during the period. Andina Capital Management LLC grew its position in shares of TopBuild by 3.2% during the 2nd quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock worth $335,000 after buying an additional 27 shares during the period. CIBC Asset Management Inc grew its position in shares of TopBuild by 3.5% during the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after buying an additional 30 shares during the period. Fifth Third Bancorp grew its position in shares of TopBuild by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after buying an additional 31 shares during the period. Finally, Hanseatic Management Services Inc. grew its position in shares of TopBuild by 1.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after buying an additional 31 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. DA Davidson cut their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group cut their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Truist Financial cut their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, Evercore ISI cut their price objective on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Trading Down 4.5 %

NYSE BLD opened at $347.04 on Monday. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.19 and a beta of 1.79. TopBuild Corp. has a 52 week low of $290.00 and a 52 week high of $495.68. The stock’s 50 day moving average price is $383.49 and its two-hundred day moving average price is $397.71. 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 (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $5.43 earnings per share. As a group, analysts anticipate that TopBuild Corp. will post 21 earnings per share for the current fiscal year.

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.