TopBuild Corp. (NYSE:BLD) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd decreased its holdings in TopBuild Corp. (NYSE:BLD) by 43.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 242 shares of the construction company’s stock after selling 183 shares during the quarter. Plato Investment Management Ltd’s holdings in TopBuild were worth $76,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLD. Vaughan Nelson Investment Management L.P. bought a new stake in TopBuild in the third quarter valued at about $114,220,000. FMR LLC grew its holdings in shares of TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after purchasing an additional 161,743 shares during the last quarter. Jennison Associates LLC raised its position in shares of TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after purchasing an additional 110,143 shares during the period. Natixis Advisors LLC acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $41,981,000. Finally, E. Ohman J or Asset Management AB acquired a new stake in shares of TopBuild during the 4th quarter worth approximately $23,906,000. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on BLD. Benchmark lowered their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial decreased their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $411.78.

TopBuild Stock Performance

Shares of TopBuild stock opened at $305.23 on Thursday. The stock has a market cap of $8.92 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85. The business has a fifty day simple moving average of $325.36 and a 200-day simple moving average of $358.71. 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 12 month low of $288.31 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.69 earnings per share. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.