Hanseatic Management Services Inc. Has $61,000 Stock Position in TopBuild Corp. (NYSE:BLD)

Hanseatic Management Services Inc. trimmed its holdings in TopBuild Corp. (NYSE:BLD) by 91.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149 shares of the construction company’s stock after selling 1,698 shares during the quarter. Hanseatic Management Services Inc.’s holdings in TopBuild were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BLD. Assenagon Asset Management S.A. grew its position in TopBuild by 0.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock worth $2,379,000 after purchasing an additional 23 shares during the last quarter. Andina Capital Management LLC grew its position in TopBuild by 3.2% during the second quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock worth $335,000 after buying an additional 27 shares in the last quarter. CIBC Asset Management Inc increased its stake in TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after acquiring an additional 30 shares during the period. Fifth Third Bancorp increased its stake in TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after acquiring an additional 31 shares during the period. Finally, TFG Advisers LLC raised its holdings in TopBuild by 1.1% in the 3rd quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock valued at $1,210,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD stock opened at $371.17 on Thursday. The stock’s fifty day moving average is $385.53 and its 200-day moving average is $399.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. TopBuild Corp. has a 52 week low of $262.64 and a 52 week high of $495.68. The stock has a market capitalization of $11.20 billion, a PE ratio of 19.09, a PEG ratio of 2.21 and a beta of 1.79.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.43 EPS. Equities research analysts expect that TopBuild Corp. will post 21.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BLD. DA Davidson lowered their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Evercore ISI decreased their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Truist Financial decreased their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus price target of $441.56.

TopBuild Company Profile

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.