Amalgamated Bank Trims Stock Position in TopBuild Corp. (NYSE:BLD)

Amalgamated Bank cut its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 10.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,329 shares of the construction company's stock after selling 1,699 shares during the period. Amalgamated Bank's holdings in TopBuild were worth $5,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in TopBuild by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company's stock valued at $1,317,795,000 after acquiring an additional 15,965 shares during the last quarter. Liontrust Investment Partners LLP lifted its position in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock valued at $127,929,000 after acquiring an additional 57,880 shares during the last quarter. Bank of New York Mellon Corp lifted its position in TopBuild by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company's stock valued at $100,927,000 after acquiring an additional 2,133 shares during the last quarter. Lazard Asset Management LLC lifted its position in TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock valued at $74,228,000 after acquiring an additional 25,973 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in TopBuild by 7.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company's stock valued at $53,097,000 after purchasing an additional 10,000 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of recent research reports. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday. Stephens dropped their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Truist Financial dropped their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Evercore ISI dropped their price objective on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group dropped their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $440.44.

TopBuild Price Performance

BLD traded up $0.17 on Friday, hitting $372.72. 37,994 shares of the company were exchanged, compared to its average volume of 287,473. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The business's fifty day moving average is $385.15 and its 200 day moving average is $399.31. TopBuild Corp. has a fifty-two week low of $262.64 and a fifty-two week high of $495.68. The firm has a market capitalization of $11.24 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 2.27 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business posted $5.43 earnings per share. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that TopBuild Corp. will post 21.03 EPS for the current year.

About TopBuild

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.