Victory Capital Management Inc. Trims Holdings in TopBuild Corp. (NYSE:BLD)

Victory Capital Management Inc. reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 45.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 33,558 shares of the construction company’s stock after selling 28,441 shares during the period. Victory Capital Management Inc. owned approximately 0.11% of TopBuild worth $12,929,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BLD. Allspring Global Investments Holdings LLC purchased a new position in shares of TopBuild during the first quarter worth about $31,000. Principal Securities Inc. acquired a new stake in TopBuild during the 4th quarter worth approximately $28,000. Rise Advisors LLC purchased a new position in shares of TopBuild in the 1st quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new position in shares of TopBuild in the first quarter valued at approximately $56,000. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of TopBuild by 2,300.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company’s stock worth $99,000 after purchasing an additional 253 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

NYSE BLD opened at $386.49 on Friday. The business has a 50 day moving average price of $405.04 and a 200 day moving average price of $407.20. The company has a market capitalization of $11.66 billion, a P/E ratio of 19.48, a PEG ratio of 2.27 and a beta of 1.77. TopBuild Corp. has a 1-year low of $217.08 and a 1-year high of $495.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share 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 business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the business posted $5.25 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that TopBuild Corp. will post 21.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. DA Davidson lowered their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Truist Financial dropped their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Stephens reduced their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group increased their target price on TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Evercore ISI reduced their price target on TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $449.00.

TopBuild Company Profile

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.