Comerica Bank Has $3.53 Million Holdings in TopBuild Corp. (NYSE:BLD)

Comerica Bank decreased its position in shares of TopBuild Corp. (NYSE:BLD) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,322 shares of the construction company’s stock after selling 913 shares during the quarter. Comerica Bank’s holdings in TopBuild were worth $3,525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp lifted its holdings in TopBuild by 24.6% in the fourth quarter. Northern Trust Corp now owns 315,221 shares of the construction company’s stock valued at $98,141,000 after buying an additional 62,216 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of TopBuild by 3.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company’s stock valued at $6,192,000 after purchasing an additional 637 shares during the period. Two Sigma Securities LLC bought a new stake in shares of TopBuild during the 4th quarter valued at about $406,000. Nebula Research & Development LLC acquired a new stake in TopBuild during the fourth quarter worth approximately $219,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in TopBuild by 18.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 109,387 shares of the construction company’s stock worth $34,056,000 after purchasing an additional 16,917 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BLD. The Goldman Sachs Group cut their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark lowered their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price objective for the company. Finally, Truist Financial lowered their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and a consensus price target of $398.56.

TopBuild Stock Down 2.4 %

TopBuild stock opened at $285.00 on Wednesday. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two 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 firm’s 50-day simple moving average is $297.28 and its 200 day simple moving average is $328.33. The stock has a market cap of $8.33 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.81 EPS. Research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.