Mitsubishi UFJ Trust & Banking Corp Has $10.27 Million Stock Position in TopBuild Corp. $BLD

Key Points

• Mitsubishi UFJ Trust & Banking Corp. trimmed its stake by 33.2%, selling 12,226 shares to hold 24,610 TopBuild shares worth $10.27 million (about 0.09% of the company) per its Q4 13F filing.
• TopBuild beat Q4 estimates with EPS of $4.50 versus $4.39 and revenue of $1.50B (up 13.2% YoY); the company has a $12.37B market cap and a P/E of 24.02.
• Analysts have a consensus rating of Moderate Buy with a $447.21 price target amid mixed covers (1 Strong Buy, 7 Buy, 7 Hold, 1 Sell), and institutional investors own about 95.67% of the stock.

Mitsubishi UFJ Trust & Banking Corp trimmed its position in TopBuild Corp. (NYSE:BLD - Free Report) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,610 shares of the construction company's stock after selling 12,226 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of TopBuild worth $10,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp acquired a new stake in TopBuild in the fourth quarter worth about $309,000. Pictet Asset Management Holding SA increased its position in TopBuild by 7.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 697,047 shares of the construction company's stock worth $290,811,000 after purchasing an additional 50,762 shares during the period. Abacus FCF Advisors LLC grew its position in shares of TopBuild by 2.3% during the 4th quarter. Abacus FCF Advisors LLC now owns 10,976 shares of the construction company's stock worth $4,579,000 after buying an additional 250 shares during the period. Sanctuary Advisors LLC grew its position in shares of TopBuild by 5.9% during the 4th quarter. Sanctuary Advisors LLC now owns 2,290 shares of the construction company's stock worth $955,000 after buying an additional 127 shares during the period. Finally, Golden State Equity Partners acquired a new position in shares of TopBuild during the 4th quarter worth about $206,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

TopBuild stock opened at $439.61 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The business has a 50-day moving average of $403.41 and a 200-day moving average of $436.67. TopBuild Corp. has a 1 year low of $273.87 and a 1 year high of $559.47. The firm has a market capitalization of $12.37 billion, a P/E ratio of 24.02, a PEG ratio of 5.56 and a beta of 1.78.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the firm earned $5.13 EPS. TopBuild's quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities analysts anticipate that TopBuild Corp. will post 18.12 EPS for the current year.

Analysts Set New Price Targets

BLD has been the subject of several analyst reports. DA Davidson restated a "buy" rating and set a $465.00 target price on shares of TopBuild in a research report on Monday, April 20th. Weiss Ratings lowered TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. Benchmark decreased their target price on TopBuild from $515.00 to $500.00 and set a "buy" rating for the company in a research report on Friday, February 27th. Seaport Research Partners restated a "neutral" rating on shares of TopBuild in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada boosted their target price on TopBuild from $410.00 to $433.00 and gave the stock a "sector perform" rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and a consensus price target of $447.21.

TopBuild Profile

TopBuild Corp. NYSE: BLD is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild's core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.

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