CANADA LIFE ASSURANCE Co Lowers Stock Position in TopBuild Corp. (NYSE:BLD)

CANADA LIFE ASSURANCE Co decreased its position in TopBuild Corp. (NYSE:BLD - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 24,231 shares of the construction company's stock after selling 946 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.08% of TopBuild worth $7,529,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new stake in TopBuild in the fourth quarter valued at $4,079,000. Jump Financial LLC bought a new position in TopBuild during the fourth quarter worth about $2,177,000. Anchor Investment Management LLC increased its position in TopBuild by 16.8% during the fourth quarter. Anchor Investment Management LLC now owns 1,037 shares of the construction company's stock worth $323,000 after buying an additional 149 shares during the last quarter. Promethos Capital LLC raised its stake in TopBuild by 3.6% in the fourth quarter. Promethos Capital LLC now owns 10,830 shares of the construction company's stock valued at $3,372,000 after buying an additional 380 shares during the period. Finally, XTX Topco Ltd increased its holdings in shares of TopBuild by 59.1% during the 4th quarter. XTX Topco Ltd now owns 3,853 shares of the construction company's stock worth $1,200,000 after acquiring an additional 1,431 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Trading Down 1.8 %

BLD traded down $5.59 during trading on Friday, hitting $296.83. The company's stock had a trading volume of 164,610 shares, compared to its average volume of 315,360. The firm has a market capitalization of $8.68 billion, a P/E ratio of 14.98, a PEG ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock's fifty day moving average price is $299.30 and its 200-day moving average price is $333.86.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on BLD shares. Benchmark reduced their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Truist Financial reduced their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group decreased their price target on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Finally, StockNews.com cut TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $398.56.

TopBuild 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.