Nissay Asset Management Corp Japan ADV Decreases Stock Position in TopBuild Corp. (NYSE:BLD)

Nissay Asset Management Corp Japan ADV decreased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 76.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,180 shares of the construction company’s stock after selling 91,650 shares during the quarter. Nissay Asset Management Corp Japan ADV owned 0.10% of TopBuild worth $8,755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winch Advisory Services LLC bought a new position in shares of TopBuild during the fourth quarter valued at approximately $26,000. V Square Quantitative Management LLC increased its stake in shares of TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after acquiring an additional 42 shares during the period. R Squared Ltd purchased a new position in shares of TopBuild during the 4th quarter valued at about $72,000. Trust Co. of Vermont boosted its position in TopBuild by 21.8% in the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company’s stock worth $96,000 after purchasing an additional 55 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in TopBuild by 18.0% in the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company’s stock valued at $137,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insiders Place Their Bets

In other news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider now owns 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on BLD. Stephens lowered their price target on TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price target on the stock. Benchmark reduced their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Loop Capital cut their target price on shares of TopBuild from $370.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $380.22.

TopBuild Price Performance

Shares of NYSE BLD opened at $295.79 on Friday. The firm has a 50-day simple moving average of $296.60 and a 200-day simple moving average of $324.98. 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 stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.81 EPS. On average, equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.