Bank of New York Mellon Corp Sells 1,450 Shares of TopBuild Corp. (NYSE:BLD)

Bank of New York Mellon Corp decreased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,335 shares of the construction company's stock after selling 1,450 shares during the quarter. Bank of New York Mellon Corp owned about 0.78% of TopBuild worth $72,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BLD. IFP Advisors Inc increased its holdings in TopBuild by 8.8% during the 4th quarter. IFP Advisors Inc now owns 1,015 shares of the construction company's stock worth $316,000 after acquiring an additional 82 shares during the period. Y Intercept Hong Kong Ltd lifted its position in TopBuild by 124.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 2,279 shares of the construction company's stock worth $710,000 after buying an additional 1,265 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of TopBuild in the 4th quarter valued at $1,450,000. Navellier & Associates Inc. increased its holdings in shares of TopBuild by 4.9% in the fourth quarter. Navellier & Associates Inc. now owns 4,414 shares of the construction company's stock worth $1,374,000 after buying an additional 206 shares during the period. Finally, PYA Waltman Capital LLC lifted its position in TopBuild by 11.7% in the fourth quarter. PYA Waltman Capital LLC now owns 4,367 shares of the construction company's stock valued at $1,360,000 after purchasing an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Remove Ads

TopBuild Stock Up 0.9 %

Shares of NYSE BLD traded up $2.77 during mid-day trading on Friday, hitting $308.11. 182,777 shares of the stock traded hands, compared to its average volume of 297,007. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.82 and a beta of 1.85. The stock has a fifty day moving average price of $325.22 and a 200-day moving average price of $358.33. TopBuild Corp. has a 52 week low of $288.31 and a 52 week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts' consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.69 EPS. Research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BLD shares. Benchmark decreased their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday. The Goldman Sachs Group reduced their price target on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. StockNews.com cut TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Finally, DA Davidson decreased their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $411.78.

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.