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

Ethic Inc. cut its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 49.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLD. Miracle Mile Advisors LLC bought a new position in shares of TopBuild in the fourth quarter valued at approximately $475,000. Assenagon Asset Management S.A. lifted its stake in TopBuild by 203.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 17,538 shares of the construction company's stock worth $5,460,000 after purchasing an additional 11,760 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in TopBuild by 22.8% in the 4th quarter. Park Avenue Securities LLC now owns 1,070 shares of the construction company's stock valued at $333,000 after purchasing an additional 199 shares during the period. Burney Co. bought a new position in TopBuild in the 4th quarter valued at $249,000. Finally, Argent Capital Management LLC grew its position in shares of TopBuild by 9.7% during the 4th quarter. Argent Capital Management LLC now owns 13,076 shares of the construction company's stock valued at $4,071,000 after purchasing an additional 1,161 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Transactions at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the sale, the insider now owns 7,007 shares of the company's stock, valued at $2,179,036.86. This trade represents a 19.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BLD. Loop Capital lowered their price target on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Stephens lowered their price objective on shares of 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 shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, Truist Financial reduced their target price on 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 given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $380.22.

TopBuild Trading Down 1.3%

NYSE BLD traded down $3.86 during trading on Wednesday, hitting $287.37. 45,233 shares of the company's stock traded hands, compared to its average volume of 312,733. The stock has a fifty day moving average of $296.49 and a two-hundred day moving average of $323.56. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68. The firm has a market cap of $8.22 billion, a P/E ratio of 14.50, a PEG ratio of 1.82 and a beta of 1.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $4.81 EPS. As a group, sell-side analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

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.