Kayne Anderson Rudnick Investment Management LLC Lowers Holdings in TopBuild Corp. (NYSE:BLD)

Kayne Anderson Rudnick Investment Management LLC trimmed its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,517 shares of the construction company's stock after selling 5,813 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.22% of TopBuild worth $20,398,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in TopBuild in the 4th quarter valued at approximately $108,688,000. E. Ohman J or Asset Management AB acquired a new stake in shares of TopBuild in the 4th quarter valued at approximately $23,906,000. Invesco Ltd. boosted its stake in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after buying an additional 75,713 shares in the last quarter. Jackson Square Partners LLC acquired a new position in TopBuild during the fourth quarter worth $19,462,000. Finally, Victory Capital Management Inc. grew its holdings in TopBuild by 116.9% during the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company's stock worth $29,442,000 after acquiring an additional 50,959 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

BLD stock traded down $5.59 during trading on Friday, hitting $296.83. The stock had a trading volume of 164,610 shares, compared to its average volume of 315,360. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The company's 50 day moving average price is $299.30 and its two-hundred day moving average price is $333.86. 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 announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.69 earnings per share. On average, sell-side analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BLD shares. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Benchmark reduced their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. Truist Financial dropped their price objective 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, The Goldman Sachs Group decreased their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $398.56.

TopBuild Profile

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.