MetLife Investment Management LLC Raises Position in TopBuild Corp. (NYSE:BLD)

MetLife Investment Management LLC increased its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,649 shares of the construction company's stock after purchasing an additional 1,006 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of TopBuild worth $5,184,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Capital Research Global Investors raised its stake in shares of TopBuild by 1.4% in the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock valued at $943,050,000 after buying an additional 41,047 shares during the period. Pictet Asset Management Holding SA raised its stake in TopBuild by 4.9% in the 4th 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 during the period. Invesco Ltd. lifted its holdings in TopBuild by 14.6% during the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after purchasing an additional 75,713 shares during the last quarter. Norges Bank bought a new position in TopBuild during the fourth quarter worth about $108,688,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of TopBuild by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock worth $91,076,000 after purchasing an additional 11,762 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BLD shares. Loop Capital cut their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, February 27th. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. The Goldman Sachs Group decreased their price objective on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $398.56.

TopBuild Trading Up 2.4 %

Shares of BLD opened at $295.26 on Thursday. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. 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 company has a market capitalization of $8.63 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.82 and a beta of 1.78. The firm's 50 day simple moving average is $300.25 and its 200 day simple moving average is $335.05.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $4.69 earnings per share. The company's revenue for the quarter was up 2.0% on a year-over-year basis. Sell-side analysts forecast that TopBuild Corp. will post 20.97 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.

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