Amundi Increases Stock Holdings in TopBuild Corp. (NYSE:BLD)

Amundi boosted its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 23.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,787 shares of the construction company's stock after acquiring an additional 15,609 shares during the period. Amundi owned about 0.27% of TopBuild worth $25,811,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Pitcairn Co. grew its stake in shares of TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock worth $903,000 after purchasing an additional 1,422 shares in the last quarter. TT International Asset Management LTD boosted its position in shares of TopBuild by 33.3% during the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock worth $5,847,000 after acquiring an additional 4,694 shares in the last quarter. Icon Wealth Advisors LLC increased its holdings in shares of TopBuild by 704.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock valued at $933,000 after acquiring an additional 2,008 shares during the last quarter. Van ECK Associates Corp raised its position in shares of TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after acquiring an additional 11,948 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in TopBuild by 37.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock worth $72,747,000 after purchasing an additional 48,562 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities analysts have commented on BLD shares. Evercore ISI lowered shares of TopBuild from an "outperform" rating to an "inline" rating and dropped their price target for the company from $443.00 to $381.00 in a research note on Monday, December 16th. The Goldman Sachs Group dropped their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Truist Financial cut their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Finally, Loop Capital lowered their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $403.88.

TopBuild Stock Performance

BLD traded up $2.16 during trading on Monday, hitting $301.41. The stock had a trading volume of 319,064 shares, compared to its average volume of 300,170. The firm has a market capitalization of $8.81 billion, a P/E ratio of 15.21, a PEG ratio of 1.82 and a beta of 1.89. The company's 50-day moving average price is $323.89 and its 200 day moving average price is $353.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.69 earnings per share. On average, equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.