Cresset Asset Management LLC Cuts Position in TopBuild Corp. (NYSE:BLD)

Cresset Asset Management LLC lowered its position in TopBuild Corp. (NYSE:BLD - Free Report) by 78.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,210 shares of the construction company's stock after selling 4,478 shares during the period. Cresset Asset Management LLC's holdings in TopBuild were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of BLD. Winch Advisory Services LLC acquired a new position in TopBuild in the fourth quarter valued at approximately $26,000. V Square Quantitative Management LLC lifted its stake in shares of 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 purchasing an additional 42 shares during the period. R Squared Ltd purchased a new stake in TopBuild during the fourth quarter worth $72,000. Trust Co. of Vermont grew its position in TopBuild by 21.8% during the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after buying an additional 55 shares during the period. Finally, Blue Trust Inc. grew its position in TopBuild by 18.0% during the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Trading Down 1.3%

Shares of BLD traded down $3.86 during mid-day trading on Wednesday, reaching $287.37. The stock had a trading volume of 45,233 shares, compared to its average volume of 328,032. 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 business's fifty day moving average is $296.49 and its 200 day moving average is $323.56. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.82 and a beta of 1.72.

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

Insider Buying and Selling at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the transaction, the insider now directly owns 7,007 shares of the company's stock, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BLD shares. Stephens dropped their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective for the company. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Truist Financial dropped their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $380.22.

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.