Mutual of America Capital Management LLC Has $6.59 Million Holdings in TopBuild Corp. (NYSE:BLD)

Mutual of America Capital Management LLC trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 10.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,205 shares of the construction company's stock after selling 1,905 shares during the period. Mutual of America Capital Management LLC owned 0.05% of TopBuild worth $6,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BLD. Allspring Global Investments Holdings LLC purchased a new position in TopBuild in the 1st quarter valued at about $31,000. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild in the 2nd quarter valued at about $30,000. Kennebec Savings Bank purchased a new position in TopBuild in the 3rd quarter valued at about $45,000. UMB Bank n.a. boosted its position in TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock valued at $54,000 after buying an additional 62 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock valued at $113,000 after buying an additional 63 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. DA Davidson reduced their price target on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Truist Financial dropped their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Evercore ISI dropped their price objective on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Finally, Stephens dropped their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $440.44.

TopBuild Price Performance

Shares of NYSE:BLD traded up $1.11 during midday trading on Wednesday, reaching $351.21. The company's stock had a trading volume of 152,068 shares, compared to its average volume of 286,880. The business's fifty day simple moving average is $383.07 and its 200-day simple moving average is $396.94. 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 $10.36 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.19 and a beta of 1.79. TopBuild Corp. has a fifty-two week low of $291.98 and a fifty-two week high of $495.68.

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 the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.43 EPS. As a group, equities research analysts expect that TopBuild Corp. will post 21 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.