TopBuild Corp. (NYSE:BLD) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its stake in TopBuild Corp. (NYSE:BLD) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,429 shares of the construction company’s stock after selling 333 shares during the period. Orion Portfolio Solutions LLC’s holdings in TopBuild were worth $2,313,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of TopBuild during the 4th quarter valued at approximately $108,688,000. E. Ohman J or Asset Management AB purchased a new stake in TopBuild during the fourth quarter worth $23,906,000. Jackson Square Partners LLC acquired a new stake in TopBuild in the fourth quarter valued at $19,462,000. Victory Capital Management Inc. increased its position in shares of TopBuild by 116.9% in the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company’s stock valued at $29,442,000 after buying an additional 50,959 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in shares of TopBuild by 4.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock worth $271,331,000 after buying an additional 40,916 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Up 0.1 %

BLD opened at $305.26 on Wednesday. TopBuild Corp. has a 12 month low of $288.31 and a 12 month high of $495.68. The business has a 50-day moving average of $318.19 and a two-hundred day moving average of $348.09. 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 stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.69 earnings per share. On average, research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of research reports. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Truist Financial dropped their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Loop Capital cut their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research note on Tuesday. They set a “buy” rating and a $356.00 price objective on the stock. Four 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, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $398.56.

TopBuild Company 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.