Thrivent Financial for Lutherans Has $24.35 Million Holdings in TopBuild Corp. $BLD

Thrivent Financial for Lutherans lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 99.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,364 shares of the construction company’s stock after purchasing an additional 29,041 shares during the quarter. Thrivent Financial for Lutherans’ holdings in TopBuild were worth $24,349,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Inscription Capital LLC raised its position in shares of TopBuild by 104.6% during the 3rd quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock worth $1,153,000 after purchasing an additional 1,508 shares during the period. WCM Investment Management LLC bought a new stake in TopBuild in the third quarter valued at $17,734,000. Citigroup Inc. boosted its stake in TopBuild by 20.7% during the 3rd quarter. Citigroup Inc. now owns 34,992 shares of the construction company’s stock valued at $13,677,000 after purchasing an additional 5,991 shares during the period. Mirabella Financial Services LLP boosted its stake in TopBuild by 160.9% during the 3rd quarter. Mirabella Financial Services LLP now owns 5,747 shares of the construction company’s stock valued at $2,242,000 after purchasing an additional 3,544 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its stake in TopBuild by 244.2% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 93,870 shares of the construction company’s stock valued at $36,698,000 after purchasing an additional 66,601 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLD has been the subject of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $496.00 price target (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Wells Fargo & Company cut their target price on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective on the stock. in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $466.77.

TopBuild Stock Up 0.0%

TopBuild stock opened at $400.81 on Monday. TopBuild Corp. has a 1-year low of $273.87 and a 1-year high of $559.47. The firm’s fifty day simple moving average is $394.60 and its 200-day simple moving average is $435.24. The company has a market capitalization of $11.28 billion, a P/E ratio of 22.52, a P/E/G ratio of 4.67 and a beta of 1.85. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company posted $4.63 earnings per share. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. Sell-side analysts forecast that TopBuild Corp. will post 18.14 earnings per share for the current fiscal year.

TopBuild Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.