Nuveen Asset Management LLC Reduces Stake in TopBuild Corp. (NYSE:BLD)

Nuveen Asset Management LLC decreased its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 144,221 shares of the construction company's stock after selling 2,062 shares during the period. Nuveen Asset Management LLC owned 0.49% of TopBuild worth $44,902,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sheaff Brock Investment Advisors LLC raised its holdings in shares of TopBuild by 0.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock valued at $1,681,000 after acquiring an additional 40 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after acquiring an additional 42 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of TopBuild by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock valued at $301,000 after acquiring an additional 48 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of TopBuild by 0.3% in the 4th quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock valued at $5,678,000 after acquiring an additional 54 shares in the last quarter. Finally, Trust Co. of Vermont raised its holdings 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 valued at $96,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BLD. StockNews.com cut TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Benchmark reduced their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. DA Davidson reduced their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Stephens reduced their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, Loop Capital reduced their price target on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $380.22.

TopBuild Trading Down 2.9%

NYSE BLD opened at $295.14 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The firm has a market capitalization of $8.44 billion, a PE ratio of 14.89, a P/E/G ratio of 1.82 and a beta of 1.72. The stock's 50 day moving average is $296.57 and its 200 day moving average is $323.79.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. The business 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%. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.81 earnings per share. Research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Transactions at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.43% of the company's stock.

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.

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