Mitsubishi UFJ Trust & Banking Corp Sells 5,113 Shares of TopBuild Corp. (NYSE:BLD)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in TopBuild Corp. (NYSE:BLD) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,776 shares of the construction company’s stock after selling 5,113 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.24% of TopBuild worth $22,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BLD. Winch Advisory Services LLC bought a new position in shares of TopBuild in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc boosted its holdings in TopBuild by 327.3% in the 4th 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 purchased a new position in shares of TopBuild during the 3rd quarter valued at $31,000. V Square Quantitative Management LLC increased its holdings in shares of TopBuild by 55.3% in 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 period. Finally, Quantbot Technologies LP purchased a new stake in shares of TopBuild in the third quarter worth $45,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE:BLD opened at $311.34 on Friday. The company’s fifty day moving average is $320.73 and its 200 day moving average is $349.70. 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 52 week low of $288.31 and a 52 week high of $495.68. The stock has a market cap of $9.11 billion, a PE ratio of 15.71, a PEG ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last posted its 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. The company 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 quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $4.69 earnings per share. Research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLD has been the subject of several recent analyst reports. Truist Financial reduced their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. The Goldman Sachs Group cut their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Benchmark dropped their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $403.88.

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.