TopBuild Corp. (NYSE:BLD) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,727 shares of the construction company's stock after selling 5,360 shares during the period. Legal & General Group Plc owned approximately 0.16% of TopBuild worth $14,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in TopBuild during the 4th quarter valued at approximately $108,688,000. E. Ohman J or Asset Management AB bought a new position in TopBuild in the 4th quarter worth about $23,906,000. Invesco Ltd. grew its position in TopBuild by 14.6% during the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after purchasing an additional 75,713 shares during the last quarter. Jackson Square Partners LLC purchased a new position in TopBuild in the fourth quarter worth about $19,462,000. Finally, Victory Capital Management Inc. grew its holdings in shares of TopBuild by 116.9% during the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company's stock valued at $29,442,000 after buying an additional 50,959 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. The Goldman Sachs Group decreased their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Truist Financial cut their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Benchmark dropped their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Finally, Loop Capital reduced their price objective 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $398.56.

TopBuild Trading Down 2.5 %

BLD stock traded down $7.15 during mid-day trading on Monday, reaching $278.24. The company had a trading volume of 8,984 shares, compared to its average volume of 315,828. The firm has a 50 day moving average of $302.52 and a 200 day moving average of $336.42. The company has a market capitalization of $8.14 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $4.69 earnings per share. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts predict that TopBuild Corp. will post 20.97 earnings per share 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.