TopBuild Corp. (NYSE:BLD) Position Cut by Assetmark Inc.

Assetmark Inc. trimmed its stake in TopBuild Corp. (NYSE:BLD) by 10.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 15,199 shares of the construction company’s stock after selling 1,723 shares during the quarter. Assetmark Inc.’s holdings in TopBuild were worth $4,732,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BLD. Victory Capital Management Inc. raised its stake in shares of TopBuild by 116.9% during the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company’s stock valued at $29,442,000 after purchasing an additional 50,959 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of TopBuild by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company’s stock valued at $78,329,000 after purchasing an additional 18,174 shares in the last quarter. US Bancorp DE raised its stake in shares of TopBuild by 7.8% during the fourth quarter. US Bancorp DE now owns 7,971 shares of the construction company’s stock valued at $2,482,000 after purchasing an additional 578 shares in the last quarter. Versor Investments LP bought a new stake in shares of TopBuild during the fourth quarter valued at about $328,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of TopBuild during the fourth quarter valued at about $5,913,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of recent analyst reports. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. The Goldman Sachs Group cut their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. 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. Finally, Truist Financial lowered their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $411.78.

TopBuild Price Performance

NYSE:BLD opened at $308.51 on Friday. The business’s 50-day moving average price is $325.00 and its 200 day moving average price is $357.32. The firm has a market cap of $9.02 billion, a P/E ratio of 15.57, a PEG ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 52-week low of $288.31 and a 52-week 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.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share 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 analysts’ expectations of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $4.69 EPS. As a group, sell-side analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

About TopBuild

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.