Fiera Capital Corp Sells 4,104 Shares of TopBuild Corp. (NYSE:BLD)

Fiera Capital Corp reduced its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,470 shares of the construction company's stock after selling 4,104 shares during the quarter. Fiera Capital Corp owned 0.45% of TopBuild worth $54,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its stake in shares of TopBuild by 18.2% in the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock valued at $74,228,000 after purchasing an additional 25,973 shares in the last quarter. Forge First Asset Management Inc. bought a new stake in shares of TopBuild during the 1st quarter worth about $16,158,000. Russell Investments Group Ltd. lifted its position in TopBuild by 12.1% in the first quarter. Russell Investments Group Ltd. now owns 36,140 shares of the construction company's stock worth $15,928,000 after purchasing an additional 3,899 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in TopBuild by 4.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,534 shares of the construction company's stock worth $35,935,000 after buying an additional 3,231 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in TopBuild by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock worth $5,493,000 after purchasing an additional 820 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on BLD shares. Evercore ISI decreased their price target on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research note on Wednesday. DA Davidson cut their price target on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a report on Thursday. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Stephens lowered their price objective on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $440.44.

TopBuild Trading Down 1.1 %

BLD stock traded down $3.96 during midday trading on Friday, hitting $368.59. The stock had a trading volume of 191,554 shares, compared to its average volume of 288,180. The firm has a market cap of $11.12 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 2.27 and a beta of 1.79. TopBuild Corp. has a 1-year low of $262.64 and a 1-year high of $495.68. The business has a fifty day moving average price of $385.15 and a two-hundred day moving average price of $399.31. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts' consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm earned $5.43 earnings per share. The business's quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that TopBuild Corp. will post 21.03 earnings per share for the current fiscal year.

TopBuild Company 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.