TopBuild Corp. (NYSE:BLD) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,217 shares of the construction company’s stock after selling 115 shares during the period. Securian Asset Management Inc.’s holdings in TopBuild were worth $690,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pitcairn Co. increased its stake in TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after buying an additional 1,422 shares during the period. TT International Asset Management LTD increased its stake in TopBuild by 33.3% during the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock worth $5,847,000 after buying an additional 4,694 shares during the period. Icon Wealth Advisors LLC increased its stake in TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock worth $933,000 after buying an additional 2,008 shares during the period. Van ECK Associates Corp increased its stake in TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock worth $10,160,000 after buying an additional 11,948 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after buying an additional 48,562 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BLD has been the topic of several recent research reports. Benchmark cut their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Evercore ISI downgraded shares of 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 research report on Monday, December 16th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Truist Financial dropped their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Finally, Loop Capital dropped 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $403.88.

TopBuild Trading Up 1.4 %

NYSE BLD opened at $299.45 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm’s fifty day moving average price is $323.89 and its 200 day moving average price is $353.75. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 12 month low of $288.31 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $4.69 EPS. On average, sell-side analysts expect 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.