Daiwa Securities Group Inc. Sells 4,520 Shares of TopBuild Corp. (NYSE:BLD)

Daiwa Securities Group Inc. decreased its stake in TopBuild Corp. (NYSE:BLD) by 44.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,650 shares of the construction company’s stock after selling 4,520 shares during the quarter. Daiwa Securities Group Inc.’s holdings in TopBuild were worth $2,298,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of TopBuild in the 2nd quarter worth $30,000. Kennebec Savings Bank bought a new position in shares of TopBuild during the 3rd quarter valued at $45,000. UMB Bank n.a. grew its holdings in shares of TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after purchasing an additional 62 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of TopBuild by 27.4% during the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after purchasing an additional 63 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of TopBuild by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 0.5 %

Shares of BLD opened at $390.00 on Friday. The stock has a market capitalization of $11.51 billion, a P/E ratio of 19.68, a PEG ratio of 2.56 and a beta of 1.79. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $382.18 and a two-hundred day simple moving average of $395.81. TopBuild Corp. has a twelve month low of $292.20 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company posted $5.43 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that TopBuild Corp. will post 20.99 EPS for the current year.

Analyst Upgrades and Downgrades

BLD has been the topic of several recent research reports. Truist Financial reduced their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. DA Davidson reduced their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Evercore ISI reduced their target price on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Stephens reduced their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.