Swiss National Bank Sells 2,800 Shares of TopBuild Corp. (NYSE:BLD)

Swiss National Bank lessened its position in TopBuild Corp. (NYSE:BLD) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,321 shares of the construction company’s stock after selling 2,800 shares during the quarter. Swiss National Bank owned about 0.20% of TopBuild worth $18,469,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC raised its holdings in TopBuild by 45.4% in the 4th quarter. Truvestments Capital LLC now owns 2,066 shares of the construction company’s stock worth $643,000 after acquiring an additional 645 shares during the period. Sequoia Financial Advisors LLC raised its holdings in TopBuild by 59.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,455 shares of the construction company’s stock worth $453,000 after acquiring an additional 544 shares during the period. HighTower Advisors LLC raised its holdings in TopBuild by 29.9% in the 4th quarter. HighTower Advisors LLC now owns 2,884 shares of the construction company’s stock worth $898,000 after acquiring an additional 663 shares during the period. Johnson Investment Counsel Inc. bought a new position in TopBuild in the 4th quarter worth $1,219,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TopBuild by 11.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,980 shares of the construction company’s stock worth $3,730,000 after acquiring an additional 1,195 shares during the period. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE:BLD opened at $300.66 on Wednesday. TopBuild Corp. has a 12-month low of $288.31 and a 12-month high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $8.79 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The firm has a 50-day moving average price of $323.22 and a 200 day moving average price of $352.47.

TopBuild (NYSE:BLD) last posted its quarterly earnings results 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. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business posted $4.69 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the topic of several research reports. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark dropped 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. Truist Financial dropped their price objective 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 downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Loop Capital dropped their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $403.88.

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.