Bank of Montreal Can Sells 6,796 Shares of TopBuild Corp. (NYSE:BLD)

Bank of Montreal Can lowered its position in TopBuild Corp. (NYSE:BLD - Free Report) by 60.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,443 shares of the construction company's stock after selling 6,796 shares during the quarter. Bank of Montreal Can's holdings in TopBuild were worth $1,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC raised its position in shares of TopBuild by 0.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock valued at $1,681,000 after purchasing an additional 40 shares during the period. V Square Quantitative Management LLC lifted its position in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after acquiring an additional 42 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of TopBuild by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock worth $301,000 after acquiring an additional 48 shares during the period. Trust Co. of Vermont grew its position in shares of TopBuild by 21.8% in the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after purchasing an additional 55 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of TopBuild by 18.0% during the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after purchasing an additional 67 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BLD shares. The Goldman Sachs Group reduced their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Loop Capital lowered their target price on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $398.56.

TopBuild Price Performance

Shares of NYSE BLD traded up $13.47 during trading hours on Wednesday, reaching $301.72. 50,410 shares of the stock traded hands, compared to its average volume of 333,323. The company has a market capitalization of $8.82 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The company's 50-day simple moving average is $300.86 and its two-hundred day simple moving average is $335.33. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results 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 net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter last year, the company earned $4.69 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that TopBuild Corp. will post 20.97 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.