New York Life Investment Management LLC Decreases Stake in TopBuild Corp. (NYSE:BLD)

New York Life Investment Management LLC lessened its stake in TopBuild Corp. (NYSE:BLD) by 12.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,193 shares of the construction company’s stock after selling 461 shares during the quarter. New York Life Investment Management LLC’s holdings in TopBuild were worth $994,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BLD. CIBC Asset Management Inc lifted its stake in TopBuild by 3.6% during the third quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock worth $374,000 after purchasing an additional 32 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in TopBuild by 0.6% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $2,181,000 after purchasing an additional 33 shares during the last quarter. Atlanta Consulting Group Advisors LLC lifted its stake in TopBuild by 1.5% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock worth $1,098,000 after purchasing an additional 39 shares during the last quarter. Pathstone Holdings LLC lifted its stake in TopBuild by 1.0% during the third quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock worth $1,712,000 after purchasing an additional 41 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake 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. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

BLD has been the subject of several recent analyst reports. DA Davidson decreased their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Benchmark decreased their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, Loop Capital reduced their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $411.78.

TopBuild Trading Down 3.3 %

NYSE:BLD opened at $296.24 on Tuesday. The firm has a market cap of $8.66 billion, a P/E ratio of 14.95, a PEG ratio of 1.82 and a beta of 1.85. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock’s 50 day simple moving average is $325.69 and its 200-day simple moving average is $359.25. TopBuild Corp. has a 12-month low of $293.88 and a 12-month high of $495.68.

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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.69 earnings per share. Equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current 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.