TopBuild Corp. (NYSE:BLD) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of TopBuild Corp. (NYSE:BLD) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 231,335 shares of the construction company’s stock after selling 1,450 shares during the quarter. Bank of New York Mellon Corp owned about 0.78% of TopBuild worth $72,024,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BLD. Winch Advisory Services LLC bought a new stake in TopBuild in the 4th quarter valued at about $26,000. Versant Capital Management Inc increased its stake in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after purchasing an additional 72 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of TopBuild during the third quarter valued at approximately $31,000. V Square Quantitative Management LLC boosted its position in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares during the period. Finally, Kennebec Savings Bank bought a new position in TopBuild in the 3rd quarter worth approximately $45,000. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BLD. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Benchmark cut their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday. Loop Capital decreased their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Truist Financial lowered their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Finally, Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and reduced their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $411.78.

TopBuild Stock Performance

Shares of BLD opened at $296.24 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm’s 50 day moving average is $325.69 and its 200-day moving average is $359.25. TopBuild Corp. has a 12-month low of $293.88 and a 12-month high of $495.68. The stock has a market capitalization of $8.66 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.82 and a beta of 1.85.

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