TopBuild Corp. $BLD Shares Sold by Comerica Bank

Key Points

• Comerica Bank cut its TopBuild stake by 52%, selling 12,950 shares and leaving 11,977 shares valued at about $4.997 million at the end of the quarter.
• TopBuild beat Q4 estimates, reporting $4.50 EPS versus $4.39 expected and $1.50 billion in revenue (+13.2% YoY), while analysts hold a consensus “Moderate Buy” with a $447.21 target price.
• Market context: BLD opened at $439.61, trades within a 52-week range of $273.87–$559.47, has a $12.37 billion market cap and a P/E of 24.02.

Comerica Bank lowered its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 52.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,977 shares of the construction company's stock after selling 12,950 shares during the period. Comerica Bank's holdings in TopBuild were worth $4,997,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of TopBuild during the third quarter worth $27,000. First Horizon Corp boosted its stake in TopBuild by 138.9% in the fourth quarter. First Horizon Corp now owns 86 shares of the construction company's stock valued at $36,000 after acquiring an additional 50 shares in the last quarter. Root Financial Partners LLC acquired a new position in TopBuild in the third quarter valued at $34,000. V Square Quantitative Management LLC acquired a new position in TopBuild in the fourth quarter valued at $43,000. Finally, SJS Investment Consulting Inc. boosted its stake in TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company's stock valued at $41,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Benchmark decreased their price objective on shares of TopBuild from $515.00 to $500.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Zacks Research downgraded shares of TopBuild from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $496.00 price objective (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Weiss Ratings downgraded shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 27th. Finally, Seaport Research Partners restated a "neutral" rating on shares of TopBuild in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has given 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 target price of $447.21.

TopBuild Price Performance

Shares of BLD opened at $439.61 on Friday. TopBuild Corp. has a fifty-two week low of $273.87 and a fifty-two week high of $559.47. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 5.56 and a beta of 1.78. The firm has a 50-day simple moving average of $403.41 and a 200-day simple moving average of $436.67. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94.

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

About TopBuild

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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