Candriam S.C.A. Sells 17,035 Shares of TopBuild Corp. (NYSE:BLD)

Candriam S.C.A. decreased its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 63.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,869 shares of the construction company's stock after selling 17,035 shares during the quarter. Candriam S.C.A.'s holdings in TopBuild were worth $3,073,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Winch Advisory Services LLC acquired a new stake in TopBuild in the 4th quarter valued at $26,000. Versant Capital Management Inc boosted its stake 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 buying an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in TopBuild in the third quarter worth $31,000. V Square Quantitative Management LLC boosted its stake in TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after purchasing an additional 42 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new position in TopBuild in the third quarter worth $45,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BLD shares. Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and reduced their price objective for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Truist Financial reduced 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. The Goldman Sachs Group reduced their price objective on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Finally, Loop Capital cut their price target on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Four investment 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 a consensus price target of $411.78.

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TopBuild Trading Up 1.0 %

NYSE BLD traded up $3.17 on Friday, reaching $308.51. The company had a trading volume of 383,607 shares, compared to its average volume of 297,711. The stock's 50 day moving average is $325.00 and its 200-day moving average is $357.09. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.82 and a beta of 1.89. 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 52 week low of $288.31 and a 52 week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts' consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm's 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. Equities analysts predict that TopBuild Corp. will post 20.97 earnings per share 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.