Natixis Advisors LLC Sells 15,301 Shares of TopBuild Corp. (NYSE:BLD)

Natixis Advisors LLC reduced its position in shares of TopBuild Corp. (NYSE:BLD) by 14.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,894 shares of the construction company’s stock after selling 15,301 shares during the quarter. Natixis Advisors LLC’s holdings in TopBuild were worth $27,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its holdings in TopBuild by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock worth $374,000 after buying an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC lifted its stake 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. Pathstone Holdings LLC boosted its holdings in TopBuild by 1.0% in the third quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock valued at $1,712,000 after acquiring an additional 41 shares in the last quarter. V Square Quantitative Management LLC increased its position in TopBuild by 55.3% during 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 period. Finally, Point72 DIFC Ltd raised its holdings in TopBuild by 1.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company’s stock worth $1,031,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BLD shares. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and cut their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Benchmark cut their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $403.88.

TopBuild Stock Up 0.7 %

Shares of NYSE:BLD opened at $301.41 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $323.52 and a two-hundred day simple moving average of $353.12. TopBuild Corp. has a 12-month low of $288.31 and a 12-month high of $495.68. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.69 EPS. On average, research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share 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.