Forge First Asset Management Inc. cut its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 33.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,587 shares of the construction company's stock after selling 5,383 shares during the period. TopBuild accounts for approximately 1.2% of Forge First Asset Management Inc.'s investment portfolio, making the stock its 22nd largest holding. Forge First Asset Management Inc.'s holdings in TopBuild were worth $3,292,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in BLD. Vaughan Nelson Investment Management L.P. acquired a new stake in TopBuild in the 3rd quarter worth approximately $114,220,000. FMR LLC grew its holdings in shares of TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock worth $744,663,000 after purchasing an additional 161,743 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company's stock worth $46,389,000 after purchasing an additional 110,143 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of TopBuild during the third quarter valued at $41,981,000. Finally, E. Ohman J or Asset Management AB acquired a new position in shares of TopBuild during the fourth quarter valued at $23,906,000. 95.67% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and dropped their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. 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 research note on Tuesday, January 14th. Truist Financial dropped their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Loop Capital reduced their price objective on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $411.78.
Get Our Latest Research Report on BLD
TopBuild Stock Down 3.4 %
BLD opened at $298.06 on Wednesday. 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 $288.31 and a 52 week high of $495.68. The firm has a 50-day simple moving average of $324.71 and a two-hundred day simple moving average of $355.77. The company has a market capitalization of $8.71 billion, a PE ratio of 15.04, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.69 earnings per share. Analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.
About TopBuild
(
Free Report)
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.
See Also
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