Truist Financial Corp Sells 226 Shares of TopBuild Corp. (NYSE:BLD)

Truist Financial Corp lessened its stake in TopBuild Corp. (NYSE:BLD) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,294 shares of the construction company’s stock after selling 226 shares during the quarter. Truist Financial Corp’s holdings in TopBuild were worth $1,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in TopBuild in the third quarter valued at about $31,000. Winch Advisory Services LLC acquired a new position in TopBuild during the fourth quarter worth about $26,000. Versant Capital Management Inc raised its stake in TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Quantbot Technologies LP acquired a new position in TopBuild during the third quarter worth about $45,000. Finally, Kennebec Savings Bank acquired a new position in TopBuild during the third quarter worth about $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the subject of several research analyst reports. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Loop Capital lowered their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $422.33.

TopBuild Stock Up 1.0 %

Shares of BLD opened at $306.44 on Friday. The firm has a market cap of $9.04 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.82 and a beta of 1.85. The stock has a 50 day simple moving average of $326.00 and a two-hundred day simple moving average of $359.90. 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 1 year low of $295.19 and a 1 year 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 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 firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $4.69 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.