Ethic Inc. Sells 1,762 Shares of TopBuild Corp. (NYSE:BLD)

Ethic Inc. cut its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 49.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,792 shares of the construction company's stock after selling 1,762 shares during the quarter. Ethic Inc.'s holdings in TopBuild were worth $558,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Winch Advisory Services LLC purchased a new position in shares of TopBuild during the 4th quarter valued at about $26,000. V Square Quantitative Management LLC raised its holdings in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after buying an additional 42 shares during the last quarter. R Squared Ltd purchased a new stake in shares of TopBuild during the fourth quarter worth about $72,000. Trust Co. of Vermont grew its position in shares of TopBuild by 21.8% in the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock worth $96,000 after buying an additional 55 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of 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. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BLD. Truist Financial dropped their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Stephens lowered their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Finally, Loop Capital cut their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, TopBuild currently has an average rating of "Moderate Buy" and an average target price of $380.22.

Insider Activity

In related news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now directly owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.43% of the company's stock.

TopBuild Stock Performance

BLD stock traded down $8.79 on Monday, hitting $295.14. The company had a trading volume of 176,633 shares, compared to its average volume of 314,128. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 1.82 and a beta of 1.72. 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 stock's 50-day simple moving average is $296.72 and its 200 day simple moving average is $324.20. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68.

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