TopBuild Corp. (NYSE:BLD) Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 10.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,199 shares of the construction company's stock after selling 1,723 shares during the period. Assetmark Inc. owned approximately 0.05% of TopBuild worth $4,732,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of BLD. Vaughan Nelson Investment Management L.P. purchased a new position in TopBuild during the 3rd quarter worth $114,220,000. FMR LLC grew its position in TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock worth $744,663,000 after purchasing an additional 161,743 shares during the last quarter. Jennison Associates LLC grew its position in TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company's stock worth $46,389,000 after purchasing an additional 110,143 shares during the last quarter. Natixis Advisors LLC purchased a new position in TopBuild during the 3rd quarter worth $41,981,000. Finally, E. Ohman J or Asset Management AB purchased a new stake in shares of TopBuild in the fourth quarter valued at about $23,906,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

BLD stock traded up $3.17 during trading on Friday, reaching $308.51. 383,607 shares of the company were exchanged, compared to its average volume of 297,711. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company has a market cap of $9.02 billion, a P/E ratio of 15.57, a PEG ratio of 1.82 and a beta of 1.89. The stock's 50 day moving average price is $325.00 and its 200 day moving average price is $357.09. TopBuild Corp. has a 52-week low of $288.31 and a 52-week high of $495.68.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Seaport Res Ptn downgraded shares of TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. The Goldman Sachs Group lowered their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and lowered their target price for the company from $443.00 to $381.00 in a report on Monday, December 16th. Truist Financial lowered their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Benchmark lowered their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $411.78.

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.