Semanteon Capital Management LP Makes New $892,000 Investment in TopBuild Corp. (NYSE:BLD)

by · The Markets Daily

Semanteon Capital Management LP bought a new stake in shares of TopBuild Corp. (NYSE:BLD – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,192 shares of the construction company’s stock, valued at approximately $892,000.

A number of other hedge funds also recently modified their holdings of BLD. Ashton Thomas Private Wealth LLC purchased a new stake in TopBuild in the second quarter worth $30,000. Allspring Global Investments Holdings LLC purchased a new stake in TopBuild in the 1st quarter worth about $31,000. UMB Bank n.a. raised its stake in TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after acquiring an additional 62 shares during the period. Headlands Technologies LLC purchased a new stake in TopBuild during the first quarter valued at about $56,000. Finally, Blue Trust Inc. boosted its position in TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after purchasing an additional 63 shares during the period. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD traded up $13.01 during trading hours on Monday, reaching $380.17. 6,730 shares of the company’s stock traded hands, compared to its average volume of 282,382. TopBuild Corp. has a 12 month low of $217.84 and a 12 month high of $495.68. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a market cap of $12.10 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77. The firm’s 50 day simple moving average is $390.06 and its 200-day simple moving average is $401.69.

TopBuild (NYSE:BLD – Get Free Report) last announced its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm earned $5.25 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts expect that TopBuild Corp. will post 21.08 EPS for the current year.

Analysts Set New Price Targets

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

Read Our Latest Analysis on BLD

About TopBuild

(Free Report)

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.

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