Moran Wealth Management LLC Sells 238 Shares of TopBuild Corp. (NYSE:BLD)

Moran Wealth Management LLC lowered its position in shares of TopBuild Corp. (NYSE:BLD) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,769 shares of the construction company’s stock after selling 238 shares during the period. Moran Wealth Management LLC owned about 0.06% of TopBuild worth $5,532,000 at the end of the most recent reporting period.

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

TopBuild Stock Up 0.5 %

Shares of NYSE:BLD opened at $309.57 on Tuesday. TopBuild Corp. has a 1 year low of $288.31 and a 1 year high of $495.68. The company has a market cap of $9.05 billion, a PE ratio of 15.62, a P/E/G ratio of 1.82 and a beta of 1.89. 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 stock’s 50-day moving average is $324.97 and its 200 day moving average is $356.56.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business earned $4.69 EPS. TopBuild’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Truist Financial dropped 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. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Loop Capital lowered their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, Benchmark lowered their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $411.78.

TopBuild 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.