Amalgamated Bank Sells 5,072 Shares of TopBuild Corp. (NYSE:BLD)

Amalgamated Bank lowered its position in TopBuild Corp. (NYSE:BLD - Free Report) by 24.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,028 shares of the construction company's stock after selling 5,072 shares during the quarter. Amalgamated Bank owned 0.05% of TopBuild worth $6,175,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of TopBuild during the 4th quarter worth about $154,983,000. Axiom Investors LLC DE bought a new position in shares of TopBuild in the fourth quarter valued at approximately $87,451,000. Capital International Investors raised its stake in shares of TopBuild by 14.0% in the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company's stock valued at $605,200,000 after acquiring an additional 198,614 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of TopBuild by 53.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company's stock worth $140,993,000 after acquiring an additional 130,563 shares in the last quarter. Finally, Liontrust Investment Partners LLP grew its position in TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock worth $127,929,000 after acquiring an additional 57,880 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group increased their target price on TopBuild from $486.00 to $536.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Evercore ISI dropped their target price on shares of TopBuild from $555.00 to $489.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. DA Davidson decreased their price target on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Truist Financial dropped their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com cut TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, TopBuild has an average rating of "Moderate Buy" and a consensus target price of $449.00.

TopBuild Stock Down 3.3 %

TopBuild stock traded down $13.72 during midday trading on Friday, reaching $406.10. The stock had a trading volume of 847,375 shares, compared to its average volume of 293,640. The stock has a market capitalization of $12.92 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 2.27 and a beta of 1.77. The firm's fifty day simple moving average is $405.21 and its 200-day simple moving average is $407.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. TopBuild Corp. has a 1-year low of $217.08 and a 1-year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.25 EPS. As a group, analysts expect that TopBuild Corp. will post 21.18 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.