AEGON ASSET MANAGEMENT UK Plc Takes $12.21 Million Position in TopBuild Corp. (NYSE:BLD)

AEGON ASSET MANAGEMENT UK Plc acquired a new position in TopBuild Corp. (NYSE:BLD) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 30,045 shares of the construction company’s stock, valued at approximately $12,208,000. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.10% of TopBuild as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild in the first quarter valued at approximately $31,000. Janney Montgomery Scott LLC acquired a new stake in TopBuild during the 1st quarter valued at $1,487,000. SG Americas Securities LLC increased its position in TopBuild by 17.6% during the first quarter. SG Americas Securities LLC now owns 1,712 shares of the construction company’s stock worth $755,000 after buying an additional 256 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of TopBuild in the first quarter worth $56,000. Finally, Russell Investments Group Ltd. lifted its position in shares of TopBuild by 12.1% in the first quarter. Russell Investments Group Ltd. now owns 36,140 shares of the construction company’s stock valued at $15,928,000 after acquiring an additional 3,899 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several 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 Tuesday, October 29th. Truist Financial cut their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group decreased their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. DA Davidson cut their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday. Finally, Stephens decreased their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Stock Performance

NYSE:BLD opened at $368.89 on Friday. The firm has a 50-day moving average of $384.66 and a two-hundred day moving average of $399.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.82. The stock has a market cap of $10.88 billion, a P/E ratio of 18.61, a PEG ratio of 2.32 and a beta of 1.79. TopBuild Corp. has a 1-year low of $262.64 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $5.43 EPS. On average, research analysts expect that TopBuild Corp. will post 21.02 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.