TopBuild Corp. (NYSE:BLD) Stake Trimmed by Hosking Partners LLP

Hosking Partners LLP cut its position in shares of TopBuild Corp. (NYSE:BLD) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,433 shares of the construction company’s stock after selling 4,711 shares during the quarter. Hosking Partners LLP’s holdings in TopBuild were worth $11,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its position in TopBuild by 1.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,486 shares of the construction company’s stock worth $1,418,000 after purchasing an additional 50 shares in the last quarter. abrdn plc grew its holdings in shares of TopBuild by 0.4% during the third quarter. abrdn plc now owns 33,612 shares of the construction company’s stock valued at $13,674,000 after buying an additional 129 shares in the last quarter. US Bancorp DE raised its position in TopBuild by 539.0% during the third quarter. US Bancorp DE now owns 7,393 shares of the construction company’s stock valued at $3,008,000 after buying an additional 6,236 shares during the period. Farther Finance Advisors LLC lifted its stake in TopBuild by 107.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 468 shares of the construction company’s stock worth $190,000 after acquiring an additional 242 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in TopBuild by 37.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 3,974 shares of the construction company’s stock worth $1,617,000 after acquiring an additional 1,092 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and cut their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Loop Capital dropped their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, DA Davidson dropped their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $422.33.

TopBuild Price Performance

Shares of NYSE:BLD opened at $304.01 on Friday. 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 $8.97 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.82 and a beta of 1.85. The business has a 50-day moving average of $326.08 and a two-hundred day moving average of $360.50. TopBuild Corp. has a fifty-two week low of $295.19 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating 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 quarter last year, the company posted $4.69 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.