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

Nissay Asset Management Corp Japan ADV lessened its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 76.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC bought a new stake in shares of TopBuild in the 4th quarter worth $475,000. Assenagon Asset Management S.A. boosted its position in shares of TopBuild by 203.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 17,538 shares of the construction company's stock valued at $5,460,000 after purchasing an additional 11,760 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of TopBuild by 22.8% in the 4th quarter. Park Avenue Securities LLC now owns 1,070 shares of the construction company's stock worth $333,000 after purchasing an additional 199 shares during the last quarter. Burney Co. bought a new stake in shares of TopBuild in the 4th quarter worth approximately $249,000. Finally, Argent Capital Management LLC raised its holdings in shares of TopBuild by 9.7% in the 4th quarter. Argent Capital Management LLC now owns 13,076 shares of the construction company's stock worth $4,071,000 after purchasing an additional 1,161 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BLD. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Loop Capital lowered their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. DA Davidson dropped their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Truist Financial decreased their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $380.22.

Insider Transactions at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now directly owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.43% of the company's stock.

TopBuild Trading Down 2.1%

Shares of TopBuild stock traded down $6.10 on Wednesday, hitting $285.14. 63,440 shares of the company's stock traded hands, compared to its average volume of 312,829. The firm's 50-day moving average price is $296.49 and its two-hundred day moving average price is $323.56. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a market capitalization of $8.15 billion, a PE ratio of 14.41, a price-to-earnings-growth 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 announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm posted $4.81 earnings per share. The business's revenue was down 3.6% on a year-over-year basis. On average, research analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.