Steward Partners Investment Advisory LLC Sells 198 Shares of TopBuild Corp. (NYSE:BLD)

Steward Partners Investment Advisory LLC lessened its stake in shares of TopBuild Corp. (NYSE:BLD) by 44.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 251 shares of the construction company’s stock after selling 198 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in TopBuild were worth $78,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BLD. Wilmington Savings Fund Society FSB bought a new stake in TopBuild during the 3rd quarter valued at approximately $31,000. Winch Advisory Services LLC acquired a new position in TopBuild in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Quantbot Technologies LP acquired a new position in TopBuild in the 3rd quarter valued at approximately $45,000. Finally, V Square Quantitative Management LLC raised its holdings in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BLD shares. Benchmark dropped their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Truist Financial dropped their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Loop Capital decreased their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.88.

TopBuild Stock Performance

Shares of TopBuild stock opened at $301.41 on Tuesday. The company has a market capitalization of $8.81 billion, a PE ratio of 15.21, a PEG ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 12 month low of $288.31 and a 12 month high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock’s fifty day simple moving average is $323.52 and its 200 day simple moving average is $353.12.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $4.69 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

About TopBuild

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.