TopBuild Corp. (NYSE:BLD) Stock Holdings Lessened by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,051 shares of the construction company's stock after selling 983 shares during the period. Stifel Financial Corp's holdings in TopBuild were worth $2,195,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. TT International Asset Management LTD raised its position in TopBuild by 33.3% during the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock worth $5,847,000 after acquiring an additional 4,694 shares during the last quarter. Van ECK Associates Corp grew its holdings in TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock valued at $10,160,000 after purchasing an additional 11,948 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of TopBuild by 14.1% in the third quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company's stock worth $34,828,000 after acquiring an additional 10,612 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of TopBuild by 51.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company's stock valued at $14,682,000 after buying an additional 16,090 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in TopBuild by 18.4% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company's stock worth $11,052,000 after acquiring an additional 5,517 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Price Performance

TopBuild stock traded up $6.47 during trading hours on Thursday, hitting $291.50. 362,019 shares of the company traded hands, compared to its average volume of 314,851. The firm's 50-day simple moving average is $296.84 and its two-hundred day simple moving average is $328.03. The firm has a market cap of $8.52 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 1-year low of $266.26 and a 1-year 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.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.81 earnings per share. As a group, analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Stephens lowered 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. Truist Financial dropped their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Loop Capital lowered their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group cut their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $380.22.

TopBuild Company 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.