Boston Trust Walden Corp Sells 627 Shares of TopBuild Corp. (NYSE:BLD)

Boston Trust Walden Corp trimmed its position in TopBuild Corp. (NYSE:BLD) by 0.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 135,149 shares of the construction company’s stock after selling 627 shares during the period. Boston Trust Walden Corp’s holdings in TopBuild were worth $54,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of TopBuild in the 1st quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC bought a new position in TopBuild in the 2nd quarter valued at $30,000. Headlands Technologies LLC purchased a new stake in shares of TopBuild during the 1st quarter valued at $56,000. UMB Bank n.a. raised its stake 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 worth $54,000 after purchasing an additional 62 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of NYSE:BLD traded down $4.61 during midday trading on Friday, reaching $367.16. 326,556 shares of the company traded hands, compared to its average volume of 283,714. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average price is $390.06 and its two-hundred day moving average price is $402.04.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the company posted $5.25 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that TopBuild Corp. will post 21.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group dropped 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. DA Davidson reduced their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a report on Friday, August 9th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Stephens cut their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $446.89.

TopBuild 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.