Great West Life Assurance Co. Can Takes Position in TopBuild Corp. (NYSE:BLD)

Great West Life Assurance Co. Can bought a new position in TopBuild Corp. (NYSE:BLDGet Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,985 shares of the construction company’s stock, valued at approximately $3,622,000. Great West Life Assurance Co. Can owned 0.07% of TopBuild at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLD. JPMorgan Chase & Co. boosted its stake in TopBuild by 2.6% in the 1st quarter. JPMorgan Chase & Co. now owns 75,512 shares of the construction company’s stock worth $13,697,000 after purchasing an additional 1,891 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in TopBuild by 26.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,598 shares of the construction company’s stock worth $290,000 after purchasing an additional 331 shares during the period. Bank of Montreal Can boosted its stake in TopBuild by 3.8% in the 1st quarter. Bank of Montreal Can now owns 4,993 shares of the construction company’s stock worth $998,000 after purchasing an additional 184 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in TopBuild by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,067 shares of the construction company’s stock worth $2,189,000 after purchasing an additional 1,151 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in TopBuild by 23.7% in the 1st quarter. Vontobel Holding Ltd. now owns 2,890 shares of the construction company’s stock worth $536,000 after purchasing an additional 554 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BLD. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Wednesday, January 11th. Credit Suisse Group cut their price target on shares of TopBuild to $224.00 in a research report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft raised shares of TopBuild from a “hold” rating to a “buy” rating and boosted their price target for the stock from $201.00 to $227.00 in a research report on Tuesday, January 10th. Finally, Stephens cut their price target on shares of TopBuild from $184.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 2nd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.50.

TopBuild Stock Up 2.6 %

Shares of BLD stock opened at $192.25 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.27 and a current ratio of 1.84. The firm’s 50-day moving average is $161.50 and its 200-day moving average is $172.12. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 12.81 and a beta of 1.42. TopBuild Corp. has a 52-week low of $140.66 and a 52-week high of $243.30.

TopBuild (NYSE:BLDGet Rating) last issued its earnings results on Tuesday, November 1st. The construction company reported $4.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.09 by $0.71. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.21 billion. TopBuild had a net margin of 10.20% and a return on equity of 29.99%. Sell-side analysts predict that TopBuild Corp. will post 16.75 EPS for the current year.

TopBuild Company Profile

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TopBuild Corp. engages in the installation and distribution of insulation products and other building products to the U.S. and Canadian construction industry. It operates through the following segments: Installation, Specialty Distribution, and Corporate. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services and business branches located in the U.S.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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