JPMorgan Chase & Co. Has $24.19 Million Stock Position in TopBuild Corp. $BLD

Key Points

• JPMorgan Chase cut its stake in TopBuild by 49.2% in Q3, selling 59,902 shares and ending the quarter with 61,900 shares worth about $24.19 million (roughly 0.22% of the company).
• TopBuild beat estimates for the most recent quarter with EPS of $4.50 vs. $4.39 and revenue of $1.50 billion (up 13.2% YoY); the company has a market cap of $9.77 billion and a P/E of 18.97.
• Analysts give TopBuild a consensus rating of "Moderate Buy" with a consensus target of $437.93, though recent notes are mixed (Wells Fargo trimmed its target, RBC raised its target, Zacks moved to "strong sell"); rating breakdown: 1 Strong Buy, 9 Buy, 6 Hold, 1 Sell.

JPMorgan Chase & Co. lessened its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 49.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,900 shares of the construction company's stock after selling 59,902 shares during the period. JPMorgan Chase & Co. owned about 0.22% of TopBuild worth $24,194,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in TopBuild during the 3rd quarter worth approximately $27,000. Root Financial Partners LLC purchased a new stake in shares of TopBuild in the third quarter worth approximately $34,000. SJS Investment Consulting Inc. lifted its holdings in shares of TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company's stock valued at $41,000 after purchasing an additional 103 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of TopBuild during the second quarter valued at approximately $35,000. Finally, Smithfield Trust Co boosted its position in shares of TopBuild by 58.6% during the third quarter. Smithfield Trust Co now owns 111 shares of the construction company's stock valued at $44,000 after buying an additional 41 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target on TopBuild from $600.00 to $525.00 and set an "overweight" rating for the company in a research report on Friday, February 27th. Royal Bank Of Canada lifted their price objective on shares of TopBuild from $410.00 to $433.00 and gave the stock a "sector perform" rating in a report on Friday, February 27th. Zacks Research lowered shares of TopBuild from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 3rd. DA Davidson lowered their target price on shares of TopBuild from $485.00 to $465.00 and set a "buy" rating for the company in a report on Wednesday, March 18th. Finally, Weiss Ratings lowered shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $437.93.

TopBuild Price Performance

TopBuild stock opened at $347.14 on Tuesday. The business's 50 day simple moving average is $462.83 and its 200 day simple moving average is $439.37. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $559.47. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 4.21 and a beta of 1.72. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company posted $5.13 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. Sell-side analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

TopBuild Company 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.

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