Mitsubishi UFJ Trust & Banking Corp Sells 5,113 Shares of TopBuild Corp. (NYSE:BLD)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in TopBuild Corp. (NYSE:BLD) by 6.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 70,776 shares of the construction company’s stock after selling 5,113 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in TopBuild were worth $22,035,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BLD. Winch Advisory Services LLC purchased a new position in shares of TopBuild during the 4th quarter worth approximately $26,000. Versant Capital Management Inc grew its stake in TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the period. Wilmington Savings Fund Society FSB bought a new position in TopBuild in the third quarter worth $31,000. V Square Quantitative Management LLC lifted 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. Finally, Quantbot Technologies LP bought a new stake in shares of TopBuild during the 3rd quarter valued at $45,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Down 0.2 %

Shares of TopBuild stock opened at $311.34 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The company’s 50 day moving average is $320.73 and its 200 day moving average is $349.70.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping 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 company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $4.69 earnings per share. TopBuild’s revenue was up 2.0% compared to the same quarter last year. Research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BLD. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. The Goldman Sachs Group cut their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Truist Financial reduced their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Finally, Loop Capital cut their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and an average price target 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.