TopBuild Corp. (NYSE:BLD) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,847 shares of the construction company's stock after selling 2,703 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.24% of TopBuild worth $28,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in TopBuild in the first quarter worth about $31,000. Principal Securities Inc. acquired a new stake in TopBuild in the 4th quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC purchased a new stake in TopBuild during the 2nd quarter worth approximately $30,000. Rise Advisors LLC acquired a new position in TopBuild during the 1st quarter valued at approximately $37,000. Finally, Headlands Technologies LLC purchased a new position in shares of TopBuild in the first quarter worth $56,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

BLD has been the topic of a number of research analyst reports. 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 report on Wednesday, August 7th. Stephens cut their price objective on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. Jefferies Financial Group lifted 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 cut their price target on shares of TopBuild from $555.00 to $489.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Finally, DA Davidson reduced their price target on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, TopBuild has an average rating of "Moderate Buy" and an average price target of $449.00.

TopBuild Stock Performance

Shares of NYSE:BLD traded down $13.72 during trading on Friday, hitting $406.10. 847,375 shares of the stock traded hands, compared to its average volume of 293,640. The company has a fifty day moving average price of $405.21 and a two-hundred day moving average price of $407.21. TopBuild Corp. has a 52-week low of $217.08 and a 52-week high of $495.68. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 2.27 and a beta of 1.77. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57.

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