Cerity Partners LLC Decreases Holdings in TopBuild Corp. (NYSE:BLD)

Cerity Partners LLC trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 83.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,168 shares of the construction company's stock after selling 5,732 shares during the period. Cerity Partners LLC's holdings in TopBuild were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Sheaff Brock Investment Advisors LLC boosted its position in shares of TopBuild by 0.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock worth $1,681,000 after purchasing an additional 40 shares in the last quarter. V Square Quantitative Management LLC lifted its position in TopBuild by 55.3% in the 4th 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 in the last quarter. CIBC Asset Management Inc lifted its position in TopBuild by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock valued at $301,000 after acquiring an additional 48 shares in the last quarter. Trust Co. of Vermont lifted its position in TopBuild by 21.8% in the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after acquiring an additional 55 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in TopBuild by 18.0% in the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after acquiring an additional 67 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

TopBuild stock traded up $0.60 during mid-day trading on Monday, hitting $297.29. The stock had a trading volume of 148,939 shares, compared to its average volume of 315,009. The firm has a market capitalization of $8.69 billion, a P/E ratio of 15.00, a P/E/G 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. The firm's 50 day moving average is $298.84 and its 200 day moving average is $332.47. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly 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 analysts' expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.69 EPS. On average, sell-side analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BLD shares. Benchmark decreased their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Truist Financial decreased their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price for the company. Finally, Loop Capital decreased their target price on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.