Daiwa Securities Group Inc. Sells 3,000 Shares of TopBuild Corp. (NYSE:BLD)

Daiwa Securities Group Inc. lowered its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 53.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,650 shares of the construction company's stock after selling 3,000 shares during the quarter. Daiwa Securities Group Inc.'s holdings in TopBuild were worth $825,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in shares of TopBuild in the third quarter valued at approximately $375,000. Victory Capital Management Inc. raised its holdings in shares of TopBuild by 29.9% in the third quarter. Victory Capital Management Inc. now owns 43,608 shares of the construction company's stock valued at $17,740,000 after purchasing an additional 10,050 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of TopBuild by 36.4% in the third quarter. Oppenheimer & Co. Inc. now owns 772 shares of the construction company's stock valued at $314,000 after purchasing an additional 206 shares during the last quarter. Plato Investment Management Ltd raised its holdings in shares of TopBuild by 229.5% in the third quarter. Plato Investment Management Ltd now owns 425 shares of the construction company's stock valued at $173,000 after purchasing an additional 296 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of TopBuild by 13.3% in the third quarter. KBC Group NV now owns 2,167 shares of the construction company's stock valued at $882,000 after purchasing an additional 254 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have recently issued reports 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. Loop Capital lowered their target price on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. 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. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and lowered their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Finally, 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, TopBuild has a consensus rating of "Moderate Buy" and a consensus price target of $403.88.

TopBuild Stock Performance

BLD stock traded up $6.13 during midday trading on Wednesday, reaching $306.48. 250,150 shares of the company were exchanged, compared to its average volume of 299,939. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The business has a 50-day moving average price of $323.22 and a two-hundred day moving average price of $352.47. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89.

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 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%. TopBuild's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.69 earnings per share. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

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.