TopBuild Corp. $BLD Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its position in TopBuild Corp. (NYSE:BLD) by 34.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,113 shares of the construction company’s stock after acquiring an additional 2,354 shares during the period. Federated Hermes Inc.’s holdings in TopBuild were worth $3,562,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of TopBuild in the 3rd quarter valued at about $34,000. SJS Investment Consulting Inc. grew its holdings in TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after purchasing an additional 103 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of TopBuild in the second quarter valued at approximately $35,000. MAI Capital Management increased its position in shares of TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of TopBuild by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock worth $47,000 after buying an additional 73 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the transaction, the vice president directly owned 9,349 shares in the company, valued at $4,210,789.60. The trade was a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BLD shares. Truist Financial lifted their price target on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, January 14th. Jefferies Financial Group lifted their target price on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Royal Bank Of Canada assumed coverage on shares of TopBuild in a research note on Thursday, November 20th. They set a “sector perform” rating and a $410.00 target price for the company. Finally, Evercore ISI decreased their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $439.73.

TopBuild Price Performance

TopBuild stock opened at $479.91 on Wednesday. The company has a fifty day simple moving average of $452.11 and a 200-day simple moving average of $428.88. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 7.66 and a beta of 1.70. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $509.36.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.14. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm posted $5.68 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild Company 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.