Robeco Institutional Asset Management B.V. Purchases 1,754 Shares of TopBuild Corp. $BLD

Robeco Institutional Asset Management B.V. boosted its position in TopBuild Corp. (NYSE:BLD) by 2.7% during the 3rd quarter, Holdings Channel reports. The fund owned 67,724 shares of the construction company’s stock after buying an additional 1,754 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in TopBuild were worth $26,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after purchasing an additional 109,572 shares in the last quarter. Boston Partners raised its holdings in TopBuild by 102.2% during the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after buying an additional 391,299 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of TopBuild by 7,961.7% in the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after buying an additional 390,838 shares in the last quarter. Liontrust Investment Partners LLP grew its holdings in shares of TopBuild by 24.8% during the second quarter. Liontrust Investment Partners LLP now owns 376,396 shares of the construction company’s stock valued at $121,854,000 after buying an additional 74,695 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TopBuild during the second quarter worth about $110,238,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of TopBuild stock opened at $422.11 on Thursday. The firm has a market capitalization of $11.85 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 7.35 and a beta of 1.68. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26. The business’s fifty day simple moving average is $429.60 and its 200 day simple moving average is $410.83. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $461.49.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $5.68 EPS. As a group, analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Insiders Place Their Bets

In other news, VP Luis Francisco Machado sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the transaction, the vice president directly owned 9,349 shares of the company’s stock, valued at $4,210,789.60. This represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on BLD shares. Truist Financial raised their price target on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research report on Thursday, October 9th. Wells Fargo & Company began coverage on TopBuild in a research note on Monday, November 17th. They issued an “overweight” rating and a $500.00 price objective for the company. Benchmark lifted their target price on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. DA Davidson reiterated a “buy” rating and set a $485.00 price target on shares of TopBuild in a report on Wednesday, December 10th. Finally, The Goldman Sachs Group raised their price objective on TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $437.06.

About TopBuild

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.