TopBuild Corp. (NYSE:BLD) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its stake in TopBuild Corp. (NYSE:BLD) by 40.0% in the fourth quarter, Holdings Channel reports. The fund owned 13,800 shares of the construction company’s stock after selling 9,200 shares during the period. Daiwa Securities Group Inc.’s holdings in TopBuild were worth $5,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BLD. JPMorgan Chase & Co. boosted its holdings in TopBuild by 2.6% in the 1st quarter. JPMorgan Chase & Co. now owns 75,512 shares of the construction company’s stock valued at $13,697,000 after purchasing an additional 1,891 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in TopBuild by 26.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,598 shares of the construction company’s stock worth $290,000 after acquiring an additional 331 shares during the last quarter. Bank of Montreal Can increased its stake in TopBuild by 3.8% during the first quarter. Bank of Montreal Can now owns 4,993 shares of the construction company’s stock worth $998,000 after acquiring an additional 184 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in TopBuild by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,067 shares of the construction company’s stock valued at $2,189,000 after purchasing an additional 1,151 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in shares of TopBuild by 9.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 18,097 shares of the construction company’s stock worth $3,375,000 after purchasing an additional 1,503 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a report on Friday, March 1st. Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Truist Financial cut TopBuild from a “buy” rating to a “hold” rating and upped their price target for the stock from $290.00 to $410.00 in a research note on Thursday, January 4th. Benchmark boosted their price objective on TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, DA Davidson started coverage on TopBuild in a report on Tuesday, March 5th. They set a “buy” rating and a $470.00 target price for the company. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $401.40.

TopBuild Stock Down 1.6 %

Shares of NYSE:BLD opened at $383.62 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. TopBuild Corp. has a fifty-two week low of $199.31 and a fifty-two week high of $452.87. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 2.12 and a beta of 1.66. The firm’s 50 day moving average price is $412.70 and its 200 day moving average price is $348.50.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $4.40 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts predict that TopBuild Corp. will post 21.01 earnings per share for the current fiscal 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.