Thrivent Financial for Lutherans Purchases 29,041 Shares of TopBuild Corp. $BLD

Thrivent Financial for Lutherans increased its position in TopBuild Corp. (NYSE:BLD) by 99.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,364 shares of the construction company’s stock after purchasing an additional 29,041 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.21% of TopBuild worth $24,349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft bought a new position in TopBuild during the 4th quarter valued at about $499,000. Fortem Financial Group LLC boosted its holdings in shares of TopBuild by 4.7% in the 4th quarter. Fortem Financial Group LLC now owns 5,731 shares of the construction company’s stock valued at $2,391,000 after buying an additional 256 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in TopBuild by 353.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,611 shares of the construction company’s stock worth $3,175,000 after buying an additional 5,933 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC raised its position in TopBuild by 38.8% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,034 shares of the construction company’s stock worth $848,000 after acquiring an additional 569 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in TopBuild by 49.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,755 shares of the construction company’s stock valued at $732,000 after acquiring an additional 581 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Up 0.0%

Shares of NYSE BLD opened at $400.81 on Monday. The company’s 50 day moving average price is $394.60 and its 200-day moving average price is $435.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. TopBuild Corp. has a 52-week low of $273.87 and a 52-week high of $559.47. The company has a market capitalization of $11.28 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 4.67 and a beta of 1.85.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. TopBuild’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.63 earnings per share. Equities analysts forecast that TopBuild Corp. will post 18.14 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on BLD. Royal Bank Of Canada raised their target price on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. DA Davidson reissued a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. Finally, Wells Fargo & Company cut their price target on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $466.77.

TopBuild Profile

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.