Kayne Anderson Rudnick Investment Management LLC Sells 2,703 Shares of TopBuild Corp. (NYSE:BLD)

Kayne Anderson Rudnick Investment Management LLC lessened its stake in TopBuild Corp. (NYSE:BLD) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,847 shares of the construction company’s stock after selling 2,703 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.24% of TopBuild worth $28,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Axiom Investors LLC DE bought a new stake in TopBuild in the fourth quarter valued at approximately $87,451,000. Capital International Investors boosted its position in TopBuild by 14.0% during the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock valued at $605,200,000 after buying an additional 198,614 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in TopBuild by 53.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after acquiring an additional 130,563 shares during the last quarter. Liontrust Investment Partners LLP raised its stake in shares of TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of TopBuild by 268.8% during the fourth quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company’s stock worth $27,703,000 after purchasing an additional 53,950 shares during the period. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of TopBuild stock opened at $406.10 on Friday. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68. The firm has a market capitalization of $12.92 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.27 and a beta of 1.77. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $405.21 and a two-hundred day simple moving average of $407.21.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on BLD shares. Evercore ISI reduced their price target on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Truist Financial dropped their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Stephens reduced their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, DA Davidson decreased 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $449.00.

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.