TopBuild Corp. (NYSE:BLD) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 1.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,773 shares of the construction company’s stock after selling 393 shares during the period. Glenmede Trust Co. NA’s holdings in TopBuild were worth $13,332,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in TopBuild during the second quarter worth about $30,000. Kennebec Savings Bank purchased a new stake in TopBuild in the 3rd quarter worth approximately $45,000. Quantbot Technologies LP acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $45,000. UMB Bank n.a. increased its holdings in shares of TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after purchasing an additional 62 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of TopBuild by 151.4% in the 3rd quarter. Private Trust Co. NA now owns 176 shares of the construction company’s stock valued at $72,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BLD. Jefferies Financial Group dropped their price target 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. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Truist Financial reduced their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Stephens dropped 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. Finally, Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $390.00 on Friday. The business’s 50 day moving average price is $382.18 and its 200-day moving average price is $395.81. TopBuild Corp. has a 1 year low of $292.20 and a 1 year high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market capitalization of $11.51 billion, a PE ratio of 19.68, a P/E/G ratio of 2.56 and a beta of 1.79.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.43 EPS. As a group, equities research analysts expect that TopBuild Corp. will post 20.99 earnings per share for the current fiscal year.

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.