Lazard Asset Management LLC Trims Stock Position in TopBuild Corp. (NYSE:BLD)

Lazard Asset Management LLC decreased its position in TopBuild Corp. (NYSE:BLD - Free Report) by 66.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,309 shares of the construction company's stock after selling 81,572 shares during the period. Lazard Asset Management LLC owned 0.14% of TopBuild worth $12,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sheaff Brock Investment Advisors LLC grew its position in TopBuild by 0.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock worth $1,681,000 after acquiring an additional 40 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of TopBuild by 55.3% in the 4th 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 last quarter. CIBC Asset Management Inc grew its holdings in shares of TopBuild by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock worth $301,000 after purchasing an additional 48 shares during the period. Janus Henderson Group PLC lifted its position in TopBuild by 0.3% in the fourth quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock valued at $5,678,000 after buying an additional 54 shares during the last quarter. Finally, Trust Co. of Vermont boosted its stake in TopBuild by 21.8% during the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock worth $96,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction dated Monday, May 12th. The stock was 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 directly owns 7,007 shares of the company's stock, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Loop Capital cut their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Stephens lowered their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $380.22.

TopBuild Stock Down 2.5%

Shares of TopBuild stock traded down $7.61 on Monday, reaching $296.33. 38,200 shares of the company were exchanged, compared to its average volume of 331,650. The stock's 50 day moving average price is $296.72 and its 200-day moving average price is $324.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a market cap of $8.47 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly 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. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the business posted $4.81 EPS. The firm's revenue was down 3.6% on a year-over-year basis. As a group, equities analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

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.