TopBuild Corp. (NYSE:BLD) Position Cut by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its holdings in shares of TopBuild Corp. (NYSE:BLD) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,210 shares of the construction company’s stock after selling 2,288 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of TopBuild worth $10,340,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC raised its stake in shares of TopBuild by 0.7% during the fourth 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 in the last quarter. Pathstone Holdings LLC raised its position in shares of TopBuild by 1.0% during 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 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 worth $37,000 after acquiring an additional 42 shares during the period. Point72 DIFC Ltd boosted its holdings in shares of TopBuild by 1.8% in 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 in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of TopBuild by 5.2% during 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 during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of research reports. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the company from $443.00 to $381.00 in a research note on Monday, December 16th. 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 note on Thursday, February 27th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Loop Capital reduced their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group dropped their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $403.88.

TopBuild Stock Performance

Shares of BLD opened at $312.36 on Thursday. The company has a 50-day moving average of $321.41 and a two-hundred day moving average of $349.97. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.82 and a beta of 1.89. 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 one year low of $288.31 and a one year high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $4.69 EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current 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.