Amalgamated Bank Sells 5,072 Shares of TopBuild Corp. (NYSE:BLD)

Amalgamated Bank reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 24.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,028 shares of the construction company’s stock after selling 5,072 shares during the quarter. Amalgamated Bank owned 0.05% of TopBuild worth $6,175,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of TopBuild in the first quarter worth about $31,000. Principal Securities Inc. acquired a new position in TopBuild during the 4th quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC bought a new position in TopBuild in the 2nd quarter valued at approximately $30,000. Rise Advisors LLC acquired a new stake in TopBuild in the first quarter valued at approximately $37,000. Finally, Headlands Technologies LLC bought a new stake in shares of TopBuild during the first quarter worth $56,000. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Down 3.3 %

TopBuild stock opened at $406.02 on Friday. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.27 and a beta of 1.77. TopBuild Corp. has a 52-week low of $217.08 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The firm has a 50 day moving average price of $405.73 and a two-hundred day moving average price of $407.16.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. TopBuild’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $5.25 EPS. Equities analysts predict that TopBuild Corp. will post 21.18 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on BLD. Stephens cut their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. DA Davidson dropped their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a report on Friday, August 9th. Evercore ISI reduced their target price on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Jefferies Financial Group raised their price target on shares of TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $449.00.

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.