CANADA LIFE ASSURANCE Co Sells 946 Shares of TopBuild Corp. (NYSE:BLD)

CANADA LIFE ASSURANCE Co cut its position in shares of TopBuild Corp. (NYSE:BLD) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,231 shares of the construction company’s stock after selling 946 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in TopBuild were worth $7,529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sheaff Brock Investment Advisors LLC grew its stake in shares of TopBuild by 0.7% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock worth $1,681,000 after acquiring an additional 40 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in 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 purchasing an additional 42 shares during the last quarter. CIBC Asset Management Inc grew its position in TopBuild by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company’s stock valued at $301,000 after purchasing an additional 48 shares in the last quarter. Trust Co. of Vermont increased its stake in TopBuild by 21.8% in the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company’s stock valued at $96,000 after buying an additional 55 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in TopBuild by 18.0% during the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company’s stock worth $137,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD opened at $288.14 on Wednesday. The firm has a market capitalization of $8.43 billion, a PE ratio of 14.54, a PEG ratio of 1.82 and a beta of 1.78. 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 company’s 50-day moving average is $300.86 and its 200-day moving average is $335.33. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $4.69 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BLD. Truist Financial lowered 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. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Loop Capital cut their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group lowered their target price 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. Finally, StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and an average price target of $398.56.

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.