Man Group plc Cuts Holdings in TopBuild Corp. (NYSE:BLD)

Man Group plc trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,080 shares of the construction company's stock after selling 9,286 shares during the quarter. Man Group plc owned approximately 0.05% of TopBuild worth $4,695,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Nomura Holdings Inc. purchased a new position in TopBuild during the fourth quarter valued at approximately $1,211,000. Occudo Quantitative Strategies LP boosted its stake in TopBuild by 307.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 2,589 shares of the construction company's stock valued at $806,000 after acquiring an additional 1,953 shares in the last quarter. Millennium Management LLC boosted its stake in TopBuild by 63.4% in the fourth quarter. Millennium Management LLC now owns 237,646 shares of the construction company's stock valued at $73,989,000 after acquiring an additional 92,187 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in TopBuild by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 218,533 shares of the construction company's stock valued at $68,038,000 after acquiring an additional 11,792 shares in the last quarter. Finally, Interval Partners LP acquired a new stake in TopBuild in the fourth quarter valued at approximately $53,424,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLD has been the subject of several recent analyst reports. DA Davidson lowered their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Loop Capital lowered their target price on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Truist Financial lowered 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 initiated coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price for the company. Finally, Benchmark lowered 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, TopBuild currently has an average rating of "Moderate Buy" and an average target price of $380.22.

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 transaction of $540,483.24. Following the completion of the transaction, the insider now owns 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.43% of the stock is owned by corporate insiders.

TopBuild Trading Down 4.2%

NYSE:BLD opened at $279.10 on Thursday. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The firm has a fifty day simple moving average of $296.08 and a 200-day simple moving average of $323.25. 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 company has a market capitalization of $7.98 billion, a P/E ratio of 14.08, a PEG ratio of 1.82 and a beta of 1.72.

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, topping the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $4.81 earnings per share. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.

Want to see what other hedge funds are holding BLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TopBuild Corp. (NYSE:BLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.