Nissay Asset Management Corp Japan ADV Sells 91,650 Shares of TopBuild Corp. (NYSE:BLD)

Nissay Asset Management Corp Japan ADV lessened its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 76.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,180 shares of the construction company's stock after selling 91,650 shares during the quarter. Nissay Asset Management Corp Japan ADV owned about 0.10% of TopBuild worth $8,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Winch Advisory Services LLC purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $26,000. V Square Quantitative Management LLC lifted 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 valued at $37,000 after purchasing an additional 42 shares during the period. R Squared Ltd bought a new position in TopBuild during the fourth quarter valued at approximately $72,000. Trust Co. of Vermont lifted its position in TopBuild by 21.8% during the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after purchasing an additional 55 shares during the period. Finally, Blue Trust Inc. lifted its position in 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 purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

BLD has been the subject of several research reports. StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. DA Davidson decreased their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. Stephens decreased their price target on shares of 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, Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $380.22.

Insider Activity at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider now directly owns 7,007 shares in the company, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.43% of the stock is currently owned by insiders.

TopBuild Price Performance

BLD stock traded down $4.72 during mid-day trading on Tuesday, hitting $290.78. The company had a trading volume of 130,771 shares, compared to its average volume of 330,488. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $296.57 and a 200 day moving average price of $323.79.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $4.81 earnings per share. On average, research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.