TopBuild Corp. (NYSE:BLD) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its stake in TopBuild Corp. (NYSE:BLD) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,517 shares of the construction company’s stock after selling 5,813 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in TopBuild were worth $20,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mirabella Financial Services LLP purchased a new position in TopBuild in the fourth quarter valued at about $1,174,000. MetLife Investment Management LLC increased its stake in TopBuild by 6.4% in the 4th quarter. MetLife Investment Management LLC now owns 16,649 shares of the construction company’s stock valued at $5,184,000 after purchasing an additional 1,006 shares in the last quarter. Ostrum Asset Management raised its holdings in TopBuild by 6.6% during the fourth quarter. Ostrum Asset Management now owns 52,225 shares of the construction company’s stock worth $16,260,000 after purchasing an additional 3,240 shares during the last quarter. Capital Research Global Investors boosted its position in TopBuild by 1.4% during the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company’s stock worth $943,050,000 after purchasing an additional 41,047 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in TopBuild by 24.9% in the fourth quarter. First Trust Advisors LP now owns 51,390 shares of the construction company’s stock valued at $16,000,000 after purchasing an additional 10,237 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BLD shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price objective on the stock. The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Truist Financial cut their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Loop Capital lowered their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Trading Up 2.3 %

Shares of TopBuild stock opened at $285.65 on Monday. The firm has a market cap of $8.35 billion, a PE ratio of 14.41, a P/E/G ratio of 1.82 and a beta of 1.78. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The business’s fifty day moving average is $302.52 and its two-hundred day moving average is $336.42.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $4.69 EPS. Analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current 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.