Bank of America Corp DE Has $172.77 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Bank of America Corp DE decreased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554,936 shares of the construction company's stock after selling 56,377 shares during the period. Bank of America Corp DE owned about 1.88% of TopBuild worth $172,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. TT International Asset Management LTD increased its holdings in shares of TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock valued at $5,847,000 after purchasing an additional 4,694 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after acquiring an additional 11,948 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in TopBuild by 51.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company's stock valued at $14,682,000 after acquiring an additional 16,090 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its position in shares of TopBuild by 18.4% during the fourth 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 during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in TopBuild during the 4th quarter worth approximately $475,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Trading Down 2.6%

Shares of TopBuild stock traded down $7.85 on Thursday, reaching $292.15. 96,074 shares of the company were exchanged, compared to its average volume of 313,976. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The stock has a fifty day moving average price of $296.88 and a 200-day moving average price of $325.49.

TopBuild (NYSE:BLD - Get Free Report) last posted 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. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $4.81 earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year. On average, analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling

In related news, insider Steven P. Raia sold 1,738 shares of the 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 completion of the sale, the insider now owns 7,007 shares in the company, valued at $2,179,036.86. This trade represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.43% of the company's stock.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of research analyst reports. Benchmark decreased their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. StockNews.com cut TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price on the stock. Truist Financial reduced their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Stephens lowered their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and an average price target of $380.22.

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.