Envestnet Asset Management Inc. Has $13.43 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Envestnet Asset Management Inc. lowered its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,123 shares of the construction company's stock after selling 3,047 shares during the period. Envestnet Asset Management Inc. owned about 0.15% of TopBuild worth $13,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of TopBuild in the fourth quarter valued at $108,688,000. E. Ohman J or Asset Management AB acquired a new position in shares of TopBuild in the 4th quarter worth $23,906,000. Jackson Square Partners LLC acquired a new stake in shares of TopBuild during the fourth quarter worth $19,462,000. Victory Capital Management Inc. lifted its holdings in shares of TopBuild by 116.9% during the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company's stock valued at $29,442,000 after purchasing an additional 50,959 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock valued at $271,331,000 after purchasing an additional 40,916 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BLD shares. The Goldman Sachs Group lowered their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Truist Financial dropped their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Finally, Loop Capital reduced their price target on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $398.56.

TopBuild Stock Up 4.2 %

BLD traded up $11.57 during midday trading on Tuesday, hitting $288.14. 181,776 shares of the company's stock traded hands, compared to its average volume of 316,101. 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 company has a market cap of $8.43 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The stock's fifty day simple moving average is $300.86 and its 200-day simple moving average is $335.33. 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 released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 11.66% and a return on equity of 26.40%. TopBuild's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.69 EPS. As a group, equities analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.