Daiwa Securities Group Inc. Decreases Stake in TopBuild Corp. (NYSE:BLD)

Daiwa Securities Group Inc. lessened its holdings in TopBuild Corp. (NYSE:BLD) by 53.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,650 shares of the construction company’s stock after selling 3,000 shares during the quarter. Daiwa Securities Group Inc.’s holdings in TopBuild were worth $825,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BLD. Winch Advisory Services LLC acquired a new position in TopBuild in the 4th quarter worth approximately $26,000. Versant Capital Management Inc increased its holdings in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after buying an additional 72 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in TopBuild in the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC increased its holdings in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares during the period. Finally, Quantbot Technologies LP acquired a new position in TopBuild in the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

TopBuild stock opened at $299.45 on Friday. The company’s fifty day moving average price is $323.89 and its 200 day moving average price is $354.01. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a market capitalization of $8.75 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 1 year low of $288.31 and a 1 year high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.69 EPS. As a group, equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLD has been the topic of a number of analyst reports. 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 note on Thursday, February 27th. Benchmark dropped their price objective 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. 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 note on Thursday, February 27th. The Goldman Sachs Group dropped their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.