Mutual of America Capital Management LLC Lowers Stock Holdings in TopBuild Corp. (NYSE:BLD)

Mutual of America Capital Management LLC reduced its position in TopBuild Corp. (NYSE:BLD) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,489 shares of the construction company’s stock after selling 716 shares during the quarter. Mutual of America Capital Management LLC’s holdings in TopBuild were worth $4,822,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Pitcairn Co. lifted its position in TopBuild by 178.2% in the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after buying an additional 1,422 shares during the last quarter. TT International Asset Management LTD increased its holdings in shares of TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock worth $5,847,000 after buying an additional 4,694 shares during the period. Icon Wealth Advisors LLC increased its holdings in shares of TopBuild by 704.6% in the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock worth $933,000 after buying an additional 2,008 shares during the period. Van ECK Associates Corp lifted its stake in shares of TopBuild by 57.8% in the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock valued at $10,160,000 after acquiring an additional 11,948 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after acquiring an additional 48,562 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Price Performance

Shares of NYSE BLD opened at $295.96 on Wednesday. TopBuild Corp. has a 1 year low of $288.31 and a 1 year high of $495.68. The stock has a market capitalization of $8.65 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.82 and a beta of 1.85. The company’s 50-day moving average is $325.69 and its 200 day moving average is $359.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last posted its 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 the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.69 EPS. On average, sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BLD shares. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. DA Davidson decreased their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Loop Capital decreased their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Truist Financial dropped their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $411.78.

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.