Mitsubishi UFJ Trust & Banking Corp Has $22.04 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Mitsubishi UFJ Trust & Banking Corp reduced its position in TopBuild Corp. (NYSE:BLD - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,776 shares of the construction company's stock after selling 5,113 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.24% of TopBuild worth $22,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Jackson Square Partners LLC bought a new position in TopBuild during the fourth quarter valued at approximately $19,462,000. EntryPoint Capital LLC bought a new position in shares of TopBuild during the 4th quarter valued at $280,000. Taikang Asset Management Hong Kong Co Ltd lifted its stake in shares of TopBuild by 44.3% in the 4th quarter. Taikang Asset Management Hong Kong Co Ltd now owns 15,870 shares of the construction company's stock valued at $4,941,000 after purchasing an additional 4,870 shares during the last quarter. Advantage Alpha Capital Partners LP boosted its holdings in TopBuild by 11.0% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 15,315 shares of the construction company's stock worth $4,768,000 after purchasing an additional 1,522 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in TopBuild during the fourth quarter worth $1,899,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on BLD. The Goldman Sachs Group decreased their price target on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Loop Capital dropped their price target on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Seaport Res Ptn downgraded shares of TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and dropped their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Finally, Benchmark decreased their price target on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, TopBuild presently has a consensus rating of "Moderate Buy" and an average price target of $403.88.

Remove Ads

TopBuild Stock Performance

Shares of NYSE:BLD traded up $0.17 on Monday, hitting $305.80. 138,555 shares of the company were exchanged, compared to its average volume of 308,902. The company's 50 day moving average price is $319.92 and its two-hundred day moving average price is $349.12. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.82 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68.

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

About TopBuild

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.