TopBuild Corp. (NYSE:BLD) Shares Sold by Fmr LLC

FMR LLC lowered its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,627,731 shares of the construction company's stock after selling 202,762 shares during the period. FMR LLC owned about 5.52% of TopBuild worth $506,778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Winch Advisory Services LLC purchased a new stake in TopBuild during the fourth quarter worth $26,000. Versant Capital Management Inc lifted its position in shares of TopBuild by 327.3% during the fourth 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild during the 3rd quarter worth approximately $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 valued at $37,000 after acquiring an additional 42 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of TopBuild during the third quarter worth $54,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Down 1.0 %

TopBuild stock traded down $3.02 during trading on Tuesday, hitting $289.19. The company had a trading volume of 35,355 shares, compared to its average volume of 317,607. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company's 50 day simple moving average is $306.25 and its 200-day simple moving average is $339.75. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

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TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping 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 business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.69 earnings per share. As a group, analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on BLD. Benchmark reduced their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Loop Capital cut their target price on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and lowered their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Truist Financial cut their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $398.56.

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.