TopBuild Corp. (NYSE:BLD) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its position in TopBuild Corp. (NYSE:BLD - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,221 shares of the construction company's stock after selling 2,062 shares during the quarter. Nuveen Asset Management LLC owned about 0.49% of TopBuild worth $44,902,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BLD. V Square Quantitative Management LLC boosted its position in TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after purchasing an additional 42 shares during the period. R Squared Ltd acquired a new stake in shares of TopBuild during the fourth quarter worth $72,000. Trust Co. of Vermont boosted its position in shares of TopBuild by 21.8% in the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after acquiring an additional 55 shares during the period. Blue Trust Inc. boosted its position in shares of TopBuild by 18.0% in the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after acquiring an additional 67 shares during the period. Finally, Avior Wealth Management LLC bought a new stake in shares of TopBuild in the fourth quarter valued at about $159,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BLD shares. DA Davidson reduced their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen downgraded TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Benchmark dropped their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Truist Financial dropped their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $380.22.

Insider Activity at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction dated 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 directly owns 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

TopBuild Stock Performance

Shares of TopBuild stock traded down $1.10 on Friday, hitting $279.65. 174,596 shares of the company's stock were exchanged, compared to its average volume of 314,915. The company has a 50-day simple moving average of $295.24 and a 200-day simple moving average of $321.31. The stock has a market capitalization of $7.99 billion, a PE ratio of 14.11, a PEG ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share 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 for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the company posted $4.81 EPS. The company's revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts anticipate that TopBuild Corp. will post 20.97 EPS 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.