Amalgamated Bank Lowers Stock Holdings in TopBuild Corp. (NYSE:BLD)

Amalgamated Bank cut its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,329 shares of the construction company's stock after selling 1,699 shares during the quarter. Amalgamated Bank's holdings in TopBuild were worth $5,829,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC grew its holdings in shares of 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 in the last quarter. Forge First Asset Management Inc. bought a new position in shares of TopBuild in the first quarter valued at approximately $16,158,000. Russell Investments Group Ltd. grew its holdings in shares of TopBuild by 12.1% in the first quarter. Russell Investments Group Ltd. now owns 36,140 shares of the construction company's stock valued at $15,928,000 after acquiring an additional 3,899 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in TopBuild by 4.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,534 shares of the construction company's stock valued at $35,935,000 after purchasing an additional 3,231 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in TopBuild by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock valued at $5,493,000 after purchasing an additional 820 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of BLD stock traded down $3.96 on Friday, reaching $368.59. The company's stock had a trading volume of 191,554 shares, compared to its average volume of 288,180. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. TopBuild Corp. has a 12-month low of $262.64 and a 12-month high of $495.68. The company has a market capitalization of $11.12 billion, a P/E ratio of 18.90, a PEG ratio of 2.27 and a beta of 1.79. The stock's 50 day simple moving average is $385.15 and its 200-day simple moving average is $399.31.

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

Analyst Ratings Changes

BLD has been the subject of several research reports. Evercore ISI reduced their price objective on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a report on Wednesday. Truist Financial reduced their price objective on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Finally, DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a report on Thursday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $440.44.

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.