Voya Investment Management LLC Reduces Stock Holdings in TopBuild Corp. (NYSE:BLD)

Voya Investment Management LLC trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,712 shares of the construction company's stock after selling 2,693 shares during the quarter. Voya Investment Management LLC owned 0.14% of TopBuild worth $12,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BLD. Benchmark reduced 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. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Loop Capital reduced their price objective on TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group dropped their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial decreased their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $398.56.

TopBuild Price Performance

Shares of BLD traded up $3.11 during mid-day trading on Thursday, hitting $298.87. 248,064 shares of the company were exchanged, compared to its average volume of 314,396. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The company has a 50 day moving average of $298.19 and a 200-day moving average of $331.97.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $4.69 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. 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.