Wells Fargo & Company MN Trims Position in TopBuild Corp. (NYSE:BLD)

Wells Fargo & Company MN reduced its position in TopBuild Corp. (NYSE:BLD) by 39.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,131 shares of the construction company’s stock after selling 24,525 shares during the quarter. Wells Fargo & Company MN owned about 0.13% of TopBuild worth $11,560,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BLD. Winch Advisory Services LLC acquired a new position in shares of TopBuild during the 4th quarter worth $26,000. Versant Capital Management Inc lifted its holdings in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild during the 3rd quarter valued at about $31,000. V Square Quantitative Management LLC grew its holdings in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in TopBuild in the third quarter valued at about $54,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Down 1.6 %

BLD stock opened at $287.44 on Wednesday. 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 company has a 50-day moving average of $305.21 and a two-hundred day moving average of $339.39. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company earned $4.69 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on BLD shares. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price target for the company. Loop Capital decreased their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Truist Financial dropped their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group decreased their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Four 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.56.

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.