TopBuild Corp. (NYSE:BLD) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of TopBuild Corp. (NYSE:BLD) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 624,783 shares of the construction company’s stock after selling 3,206 shares during the quarter. Geode Capital Management LLC’s holdings in TopBuild were worth $194,569,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Winch Advisory Services LLC acquired a new position in shares of TopBuild in the 4th quarter worth approximately $26,000. Versant Capital Management Inc grew its position in TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after buying an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild in the third quarter valued at $31,000. V Square Quantitative Management LLC lifted its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after acquiring an additional 42 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of TopBuild during the 3rd quarter worth $45,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of recent analyst reports. Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price on the stock. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group lowered their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $398.56.

TopBuild Trading Up 6.7 %

Shares of NYSE:BLD opened at $303.28 on Monday. TopBuild Corp. has a 12-month low of $272.24 and a 12-month high of $495.68. 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 market capitalization of $8.87 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.82 and a beta of 1.77. The firm has a fifty day moving average of $314.95 and a two-hundred day moving average of $346.04.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $4.69 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect that TopBuild Corp. will post 20.97 EPS 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.