Corebridge Financial Inc. Sells 2,288 Shares of TopBuild Corp. (NYSE:BLD)

Corebridge Financial Inc. cut its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,210 shares of the construction company's stock after selling 2,288 shares during the period. Corebridge Financial Inc. owned about 0.11% of TopBuild worth $10,340,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advantage Alpha Capital Partners LP increased its stake in shares of TopBuild by 11.0% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 15,315 shares of the construction company's stock worth $4,768,000 after acquiring an additional 1,522 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in TopBuild in the 4th quarter worth about $1,899,000. AXQ Capital LP raised its stake in shares of TopBuild by 70.7% during the 4th quarter. AXQ Capital LP now owns 2,554 shares of the construction company's stock worth $795,000 after purchasing an additional 1,058 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of TopBuild during the 4th quarter valued at about $699,000. Finally, Sei Investments Co. lifted its holdings in shares of TopBuild by 670.3% during the 4th quarter. Sei Investments Co. now owns 34,924 shares of the construction company's stock valued at $10,873,000 after buying an additional 30,390 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BLD. Benchmark reduced their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Truist Financial lowered their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Loop Capital decreased their target price on TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and a consensus target price of $403.88.

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TopBuild Stock Performance

TopBuild stock traded down $0.16 during mid-day trading on Monday, reaching $305.47. The company had a trading volume of 321,657 shares, compared to its average volume of 309,602. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $319.09 and a 200-day moving average of $348.67. TopBuild Corp. has a 52 week low of $288.31 and a 52 week high of $495.68. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $4.69 EPS. The company's quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that TopBuild Corp. will post 20.97 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.