CANADA LIFE ASSURANCE Co Sells 946 Shares of TopBuild Corp. (NYSE:BLD)

CANADA LIFE ASSURANCE Co trimmed its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,231 shares of the construction company's stock after selling 946 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.08% of TopBuild worth $7,529,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Winch Advisory Services LLC bought a new position in shares of TopBuild in the fourth quarter valued at about $26,000. Versant Capital Management Inc grew its stake in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after buying an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild during the third quarter worth approximately $31,000. V Square Quantitative Management LLC boosted its holdings in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after acquiring an additional 42 shares during the period. Finally, World Investment Advisors LLC acquired a new position in shares of TopBuild in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Price Performance

TopBuild stock traded up $0.60 during midday trading on Monday, reaching $297.29. The company's stock had a trading volume of 148,939 shares, compared to its average volume of 315,009. The stock has a market cap of $8.69 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. 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 52 week low of $266.26 and a 52 week high of $495.68. The business has a 50-day moving average price of $298.84 and a 200-day moving average price of $332.47.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the prior year, the company earned $4.69 EPS. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of research reports. Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. The Goldman Sachs Group reduced their price target on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Loop Capital cut their target price on TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $398.56.

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.