Forge First Asset Management Inc. Cuts Holdings in TopBuild Corp. (NYSE:BLD)

Forge First Asset Management Inc. reduced its position in TopBuild Corp. (NYSE:BLD) by 33.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,587 shares of the construction company’s stock after selling 5,383 shares during the quarter. TopBuild comprises approximately 1.2% of Forge First Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Forge First Asset Management Inc.’s holdings in TopBuild were worth $3,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BLD. FMR LLC lifted its stake 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 worth $744,663,000 after buying an additional 161,743 shares during the period. State Street Corp grew its stake in TopBuild by 3.2% during the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after acquiring an additional 34,911 shares in the last quarter. Geode Capital Management LLC boosted its holdings in TopBuild by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after purchasing an additional 12,909 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of TopBuild by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company’s stock worth $91,076,000 after acquiring an additional 11,762 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of TopBuild by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company’s stock worth $78,329,000 after acquiring an additional 18,174 shares during the last quarter. 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 a number of recent analyst reports. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the company from $443.00 to $381.00 in a research report on Monday, December 16th. The Goldman Sachs Group reduced their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Truist Financial lowered their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Finally, Loop Capital lowered their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $411.78.

TopBuild Stock Down 3.4 %

TopBuild stock opened at $298.06 on Wednesday. The firm has a market capitalization of $8.71 billion, a P/E ratio of 15.04, 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 quick ratio of 1.49 and a current ratio of 2.01. The company has a 50-day simple moving average of $324.71 and a 200-day simple moving average of $355.77. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly 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 net margin of 11.66% and a return on equity of 26.40%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $4.69 earnings per share. As a group, equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.