Nisa Investment Advisors LLC Trims Position in TopBuild Corp. (NYSE:BLD)

Nisa Investment Advisors LLC lowered its position in TopBuild Corp. (NYSE:BLD - Free Report) by 20.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,285 shares of the construction company's stock after selling 2,973 shares during the quarter. Nisa Investment Advisors LLC's holdings in TopBuild were worth $4,591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Liontrust Investment Partners LLP lifted its holdings in shares of TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock worth $127,929,000 after purchasing an additional 57,880 shares during the period. Forge First Asset Management Inc. purchased a new position in TopBuild during the first quarter worth about $16,158,000. Distillate Capital Partners LLC acquired a new stake in TopBuild in the second quarter valued at about $13,832,000. Vident Advisory LLC purchased a new stake in TopBuild in the 1st quarter valued at approximately $13,707,000. Finally, DekaBank Deutsche Girozentrale increased its position in TopBuild by 29.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company's stock worth $56,489,000 after purchasing an additional 30,000 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on BLD shares. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday. Stephens lowered their price target 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. Evercore ISI raised their price objective on shares of TopBuild from $489.00 to $491.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Jefferies Financial Group lowered their target price on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Finally, Truist Financial reduced their price target 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and an average target price of $446.89.

TopBuild Price Performance

Shares of TopBuild stock traded up $0.56 during trading on Friday, hitting $353.94. 207,506 shares of the company were exchanged, compared to its average volume of 284,624. TopBuild Corp. has a fifty-two week low of $249.89 and a fifty-two week high of $495.68. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average price of $386.99 and a 200 day moving average price of $399.86. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 2.23 and a beta of 1.77.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business's revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $5.25 earnings per share. On average, equities analysts expect that TopBuild Corp. will post 21.03 earnings per share for the current fiscal year.

TopBuild 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.