TopBuild Corp. (NYSE:BLD) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 24.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,250 shares of the construction company's stock after selling 6,171 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of TopBuild worth $7,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new position in shares of TopBuild in the 2nd quarter worth $30,000. Kennebec Savings Bank acquired a new stake in TopBuild during the 3rd quarter worth approximately $45,000. UMB Bank n.a. raised its holdings in TopBuild by 87.3% in the third 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 period. Private Trust Co. NA grew its stake in TopBuild by 151.4% during the third quarter. Private Trust Co. NA now owns 176 shares of the construction company's stock worth $72,000 after buying an additional 106 shares during the period. Finally, Blue Trust Inc. increased its position in shares of TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock worth $113,000 after acquiring an additional 63 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Performance

Shares of NYSE BLD traded down $11.99 during trading on Thursday, reaching $374.11. The stock had a trading volume of 290,485 shares, compared to its average volume of 288,107. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a market cap of $11.04 billion, a PE ratio of 19.48, a P/E/G ratio of 2.47 and a beta of 1.79. TopBuild Corp. has a one year low of $313.44 and a one year high of $495.68. The firm's 50 day moving average price is $380.43 and its two-hundred day moving average price is $394.98.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results 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. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm earned $5.43 earnings per share. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts forecast that TopBuild Corp. will post 20.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial lowered their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group decreased their price target on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. 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. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Finally, DA Davidson decreased their price objective on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has a consensus rating of "Moderate Buy" and an average price target of $440.44.

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.