JPMorgan Chase & Co. Has $23.24 Million Holdings in TopBuild Corp. (NYSE:BLD)

JPMorgan Chase & Co. lowered its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,642 shares of the construction company's stock after selling 10,971 shares during the period. JPMorgan Chase & Co. owned approximately 0.25% of TopBuild worth $23,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. TT International Asset Management LTD raised its stake in TopBuild by 33.3% during the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock worth $5,847,000 after buying an additional 4,694 shares during the period. Van ECK Associates Corp raised its position in shares of TopBuild by 57.8% during the fourth quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after purchasing an additional 11,948 shares during the period. Fortem Financial Group LLC raised its position in shares of TopBuild by 450.8% during the third quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company's stock worth $2,129,000 after purchasing an additional 4,283 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of TopBuild by 51.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company's stock valued at $14,682,000 after purchasing an additional 16,090 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its position in shares of TopBuild by 18.4% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company's stock valued at $11,052,000 after purchasing an additional 5,517 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

BLD has been the topic of several research analyst reports. Loop Capital dropped 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. The Goldman Sachs Group dropped their price objective 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. Truist Financial lowered their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and dropped their target price for the company from $443.00 to $381.00 in a research report on Monday, December 16th. 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 stock has a consensus rating of "Moderate Buy" and an average target price of $398.56.

TopBuild Stock Down 0.1 %

BLD traded down $0.36 on Tuesday, hitting $291.85. 20,289 shares of the company were exchanged, compared to its average volume of 340,393. The stock's fifty day moving average is $306.25 and its 200-day moving average is $339.75. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. 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 $8.54 billion, a PE ratio of 14.73, a PEG ratio of 1.82 and a beta of 1.78.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the prior year, the business posted $4.69 EPS. The business's revenue was up 2.0% compared to the same quarter last year. Equities research analysts predict that TopBuild Corp. will post 20.97 EPS 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.