CANADA LIFE ASSURANCE Co Sells 946 Shares of TopBuild Corp. (NYSE:BLD)

CANADA LIFE ASSURANCE Co lessened its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of TopBuild during the fourth quarter valued at about $108,688,000. E. Ohman J or Asset Management AB bought a new position in TopBuild in the 4th quarter valued at approximately $23,906,000. Invesco Ltd. grew its holdings in TopBuild by 14.6% during the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock worth $185,353,000 after acquiring an additional 75,713 shares during the last quarter. Jackson Square Partners LLC acquired a new position in TopBuild in the 4th quarter valued at approximately $19,462,000. Finally, Victory Capital Management Inc. increased its position in TopBuild by 116.9% in the 4th quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company's stock valued at $29,442,000 after acquiring an additional 50,959 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Down 1.8 %

NYSE:BLD traded down $5.59 during trading hours on Friday, hitting $296.83. 164,610 shares of the company traded hands, compared to its average volume of 315,360. The firm's 50-day simple moving average is $299.30 and its 200-day simple moving average is $333.86. The company has a market cap of $8.68 billion, a PE ratio of 14.98, a PEG ratio of 1.82 and a beta of 1.78. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68.

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, 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 during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm posted $4.69 EPS. The business's revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Ratings Changes

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

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.