Atlanta Consulting Group Advisors LLC Sells 39 Shares of TopBuild Corp. (NYSE:BLD)

Atlanta Consulting Group Advisors LLC cut its holdings in TopBuild Corp. (NYSE:BLD) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,660 shares of the construction company’s stock after selling 39 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in TopBuild were worth $828,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild in the third quarter worth about $31,000. Winch Advisory Services LLC bought a new position in TopBuild during the fourth quarter valued at about $26,000. Versant Capital Management Inc increased its stake in TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after acquiring an additional 72 shares during the period. Quantbot Technologies LP bought a new position in TopBuild during the third quarter valued at about $45,000. Finally, V Square Quantitative Management LLC increased 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 valued at $37,000 after acquiring an additional 42 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial lowered their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group lowered their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Loop Capital decreased their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $403.88.

TopBuild Stock Up 1.4 %

NYSE BLD opened at $299.45 on Monday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.82 and a beta of 1.89. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 1-year low of $288.31 and a 1-year high of $495.68. The stock’s 50 day moving average is $323.89 and its two-hundred day moving average is $353.75.

TopBuild (NYSE:BLD) last announced its 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. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.69 EPS. Equities analysts forecast that TopBuild Corp. will post 20.97 earnings per share 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.