Ostrum Asset Management Grows Stake in TopBuild Corp. (NYSE:BLD)

Ostrum Asset Management increased its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,225 shares of the construction company's stock after acquiring an additional 3,240 shares during the period. TopBuild comprises 1.4% of Ostrum Asset Management's holdings, making the stock its 27th largest position. Ostrum Asset Management owned approximately 0.18% of TopBuild worth $16,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in TopBuild in the 3rd quarter worth about $31,000. Winch Advisory Services LLC acquired a new stake in TopBuild during the 4th quarter worth $26,000. Versant Capital Management Inc grew its holdings in shares of TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after buying an additional 72 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after buying an additional 42 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of TopBuild in the fourth quarter worth about $72,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of research reports. The Goldman Sachs Group decreased their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price on the stock. Truist Financial cut their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Finally, Loop Capital lowered their target price on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $398.56.

TopBuild Stock Down 1.8 %

TopBuild stock traded down $5.59 during mid-day trading on Friday, reaching $296.83. 164,610 shares of the company's stock were exchanged, compared to its average volume of 315,360. The company has a fifty day moving average of $299.30 and a 200-day moving average of $333.86. The company has a market cap of $8.68 billion, a P/E ratio of 14.98, a P/E/G ratio of 1.82 and a beta of 1.78. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.07 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.69 EPS. Sell-side analysts expect that TopBuild Corp. will post 20.97 EPS 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.