Ameriprise Financial Inc. boosted its stake in shares of TopBuild Corp. (NYSE:BLD) by 35.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 348,407 shares of the construction company’s stock after purchasing an additional 91,512 shares during the period. Ameriprise Financial Inc. owned 0.94% of TopBuild worth $22,705,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in TopBuild by 16.4% during the second quarter. Wells Fargo & Company MN now owns 41,691 shares of the construction company’s stock valued at $2,212,000 after purchasing an additional 5,876 shares during the last quarter. Fiera Capital Corp acquired a new position in TopBuild during the second quarter valued at approximately $12,805,000. Chicago Equity Partners LLC acquired a new position in TopBuild during the second quarter valued at approximately $2,599,000. State Street Corp boosted its position in TopBuild by 10.2% during the second quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock valued at $59,890,000 after purchasing an additional 104,562 shares during the last quarter. Finally, Strs Ohio acquired a new position in TopBuild during the second quarter valued at approximately $440,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Shares of TopBuild Corp. (NYSE:BLD) opened at $65.19 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02. The stock has a market capitalization of $2,315.15, a P/E ratio of 25.52 and a beta of 0.61. TopBuild Corp. has a 52 week low of $35.31 and a 52 week high of $69.34.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. equities research analysts forecast that TopBuild Corp. will post 2.74 EPS for the current fiscal year.

Several research analysts recently commented on BLD shares. BidaskClub cut TopBuild from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. ValuEngine cut TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Nomura increased their price target on TopBuild from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. SunTrust Banks restated a “buy” rating and issued a $75.00 price objective on shares of TopBuild in a research note on Wednesday, October 4th. Finally, KeyCorp restated an “overweight” rating on shares of TopBuild in a research note on Friday, November 10th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $60.67.

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About TopBuild

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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