TopBuild Corp. (NYSE:BLD) Stock Position Reduced by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its stake in TopBuild Corp. (NYSE:BLD) by 6.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 33,210 shares of the construction company’s stock after selling 2,288 shares during the quarter. Corebridge Financial Inc.’s holdings in TopBuild were worth $10,340,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Winch Advisory Services LLC acquired a new position in shares of TopBuild in the fourth quarter worth $26,000. Versant Capital Management Inc increased its position in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild during the 3rd quarter worth about $31,000. V Square Quantitative Management LLC lifted its holdings in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after buying an additional 42 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of TopBuild in the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Down 0.3 %

Shares of NYSE:BLD opened at $312.36 on Thursday. TopBuild Corp. has a 52-week low of $288.31 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company has a market cap of $9.13 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.82 and a beta of 1.89. The stock’s 50-day moving average is $321.41 and its 200-day moving average is $349.97.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business posted $4.69 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BLD. Truist Financial cut their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group reduced their price objective 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. Loop Capital lowered their target price 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. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and cut their target price for the company from $443.00 to $381.00 in a report on Monday, December 16th. Finally, StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.88.

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.