Russell Investments Group Ltd. Has $5.95 Million Holdings in TopBuild Corp. (NYSE:BLD)

Russell Investments Group Ltd. decreased its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,120 shares of the construction company's stock after selling 4,191 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of TopBuild worth $5,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. TT International Asset Management LTD grew its stake in TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock valued at $5,847,000 after acquiring an additional 4,694 shares during the period. Van ECK Associates Corp lifted its holdings in shares of TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock valued at $10,160,000 after purchasing an additional 11,948 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of TopBuild by 14.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company's stock valued at $34,828,000 after purchasing an additional 10,612 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in TopBuild by 51.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company's stock worth $14,682,000 after purchasing an additional 16,090 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc increased its stake in TopBuild by 18.4% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company's stock worth $11,052,000 after purchasing an additional 5,517 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

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

TopBuild Stock Up 2.3 %

BLD stock traded up $6.36 during mid-day trading on Friday, reaching $285.65. The company had a trading volume of 232,488 shares, compared to its average volume of 316,920. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.82 and a beta of 1.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a 50 day simple moving average of $302.52 and a two-hundred day simple moving average of $337.31.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.06. The business had revenue of $1.31 billion during 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 firm's revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $4.69 earnings per share. As a group, equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.