Cerity Partners LLC Sells 5,732 Shares of TopBuild Corp. (NYSE:BLD)

Cerity Partners LLC trimmed its position in TopBuild Corp. (NYSE:BLD - Free Report) by 83.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,168 shares of the construction company's stock after selling 5,732 shares during the quarter. Cerity Partners LLC's holdings in TopBuild were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BLD. Pictet Asset Management Holding SA increased its holdings in shares of TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock valued at $271,331,000 after acquiring an additional 40,916 shares in the last quarter. Norges Bank bought a new position in TopBuild in the 4th quarter worth $108,688,000. Vaughan Nelson Investment Management L.P. lifted its holdings in TopBuild by 4.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock valued at $91,076,000 after purchasing an additional 11,762 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of TopBuild by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company's stock worth $78,329,000 after acquiring an additional 18,174 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of TopBuild by 6.6% in the fourth quarter. American Century Companies Inc. now owns 149,802 shares of the construction company's stock worth $46,639,000 after buying an additional 9,266 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of TopBuild stock opened at $288.14 on Wednesday. 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 $8.43 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.82 and a beta of 1.78. The business's 50 day moving average price is $300.86 and its 200 day moving average price is $335.33. 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 posted its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.69 EPS. On average, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BLD. The Goldman Sachs Group cut their target price 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. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Benchmark reduced their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Truist Financial cut their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Finally, StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently 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.

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