Amalgamated Bank Reduces Position in TopBuild Corp. (NYSE:BLD)

Amalgamated Bank cut its holdings in shares of TopBuild Corp. (NYSE:BLD) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,072 shares of the construction company’s stock after selling 257 shares during the period. Amalgamated Bank’s holdings in TopBuild were worth $4,381,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BLD. State of Alaska Department of Revenue boosted its position in TopBuild by 1.5% in the third quarter. State of Alaska Department of Revenue now owns 3,486 shares of the construction company’s stock worth $1,418,000 after purchasing an additional 50 shares during the last quarter. abrdn plc boosted its position in TopBuild by 0.4% in the third quarter. abrdn plc now owns 33,612 shares of the construction company’s stock worth $13,674,000 after purchasing an additional 129 shares during the last quarter. US Bancorp DE boosted its position in TopBuild by 539.0% in the third quarter. US Bancorp DE now owns 7,393 shares of the construction company’s stock worth $3,008,000 after purchasing an additional 6,236 shares during the last quarter. Farther Finance Advisors LLC boosted its position in TopBuild by 107.1% in the third quarter. Farther Finance Advisors LLC now owns 468 shares of the construction company’s stock worth $190,000 after purchasing an additional 242 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in TopBuild by 37.9% in the third quarter. Janney Montgomery Scott LLC now owns 3,974 shares of the construction company’s stock worth $1,617,000 after purchasing an additional 1,092 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BLD. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Loop Capital decreased their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, DA Davidson decreased their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and an average price target of $422.33.

TopBuild Stock Up 1.0 %

Shares of BLD opened at $306.44 on Friday. The business’s 50 day moving average is $326.00 and its 200 day moving average is $360.03. The company has a market capitalization of $9.04 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85. TopBuild Corp. has a 12-month low of $295.19 and a 12-month high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last issued its earnings results 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. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $4.69 EPS. Research 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.