TopBuild Corp. (NYSE:BLD) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in TopBuild Corp. (NYSE:BLD) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,782 shares of the construction company’s stock after selling 269 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in TopBuild were worth $555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild in the third quarter worth about $31,000. Winch Advisory Services LLC purchased a new position in shares of TopBuild during the 4th quarter valued at approximately $26,000. Versant Capital Management Inc lifted its stake in shares of TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after purchasing an additional 72 shares during the period. Quantbot Technologies LP purchased a new stake in TopBuild during the third quarter worth $45,000. Finally, V Square Quantitative Management LLC grew its position 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 buying an additional 42 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Price Performance

TopBuild stock opened at $312.86 on Wednesday. The company has a fifty day simple moving average of $322.04 and a 200-day simple moving average of $350.23. 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 $9.15 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 52-week low of $288.31 and a 52-week 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, beating 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 company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company earned $4.69 EPS. TopBuild’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLD has been the topic of several recent analyst reports. Loop Capital lowered their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. The Goldman Sachs Group reduced their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Truist Financial dropped their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Finally, StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $403.88.

About TopBuild

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.