UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,956 shares of the construction company's stock after selling 27,956 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.38% of TopBuild worth $34,856,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its stake in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares during the period. R Squared Ltd bought a new position in shares of TopBuild during the fourth quarter valued at approximately $72,000. Raiffeisen Bank International AG bought a new position in shares of TopBuild during the fourth quarter valued at approximately $81,000. Blue Trust Inc. raised its holdings in shares of TopBuild by 18.0% during 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 in the last quarter. Finally, Avior Wealth Management LLC bought a new position in shares of TopBuild during the fourth quarter valued at approximately $159,000. Hedge funds and other institutional investors own 95.67% of the company's stock.
Insider Activity
In other news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction on 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 directly owns 7,007 shares in the company, valued at $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.43% of the company's stock.
TopBuild Stock Up 0.0%
BLD traded up $0.09 during trading on Friday, reaching $282.63. The stock had a trading volume of 497,609 shares, compared to its average volume of 317,206. The stock's 50 day moving average is $292.65 and its two-hundred day moving average is $318.76. 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 $8.08 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68.
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, beating the consensus estimate of $4.43 by $0.20. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $4.81 earnings per share. The company's revenue was down 3.6% on a year-over-year basis. As a group, analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on BLD. Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Loop Capital decreased their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, May 8th. DA Davidson decreased their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Stephens decreased their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, TopBuild presently has a consensus rating of "Moderate Buy" and an average target price of $380.22.
Check Out Our Latest Stock Report on TopBuild
About TopBuild
(
Free Report)
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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