Summit Global Investments Sells 60 Shares of TopBuild Corp. (NYSE:BLD)

Summit Global Investments decreased its position in shares of TopBuild Corp. (NYSE:BLD) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 600 shares of the construction company’s stock after selling 60 shares during the period. Summit Global Investments’ holdings in TopBuild were worth $187,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BLD. Sheaff Brock Investment Advisors LLC raised its position in shares of TopBuild by 0.7% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock valued at $1,681,000 after purchasing an additional 40 shares during the period. Pathstone Holdings LLC increased its stake in TopBuild by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock worth $1,712,000 after buying an additional 41 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after acquiring an additional 42 shares during the period. Point72 DIFC Ltd raised its holdings in TopBuild by 1.8% during the third quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company’s stock valued at $1,031,000 after acquiring an additional 46 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of TopBuild by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company’s stock valued at $301,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BLD has been the topic of several recent analyst reports. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Benchmark reduced their price objective on shares of 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 lowered 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. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group decreased their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus price target of $403.88.

TopBuild Trading Down 0.7 %

Shares of BLD opened at $312.86 on Wednesday. The company’s fifty day simple moving average is $322.04 and its 200-day simple moving average is $350.23. The company has a market cap of $9.15 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.82 and a beta of 1.89. 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 twelve month low of $288.31 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.69 earnings per share. As a group, analysts expect 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.