Axa S.A. Sells 4,397 Shares of TopBuild Corp. (NYSE:BLD)

AXA S.A. reduced its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 33.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,855 shares of the construction company's stock after selling 4,397 shares during the quarter. AXA S.A.'s holdings in TopBuild were worth $2,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLD. Mercer Global Advisors Inc. ADV grew its position in TopBuild by 14.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,125 shares of the construction company's stock valued at $350,000 after purchasing an additional 146 shares in the last quarter. Northern Trust Corp increased its position in shares of 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 acquiring an additional 62,216 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in TopBuild by 3.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock worth $6,192,000 after acquiring an additional 637 shares in the last quarter. Two Sigma Securities LLC acquired a new position in TopBuild during the fourth quarter valued at approximately $406,000. Finally, Nebula Research & Development LLC bought a new position in TopBuild in the fourth quarter valued at approximately $219,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLD has been the subject of several recent analyst reports. Benchmark cut their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Truist Financial cut their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Stephens reduced their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday. DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group reduced their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and a consensus price target of $380.22.

TopBuild Price Performance

BLD stock traded up $4.78 during midday trading on Friday, reaching $295.71. The company had a trading volume of 283,102 shares, compared to its average volume of 314,580. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The stock has a 50 day moving average price of $296.74 and a 200-day moving average price of $326.76.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $4.81 EPS. The firm's revenue was down 3.6% compared to the same quarter last year. Equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

TopBuild Company 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.