Daiwa Securities Group Inc. Sells 9,200 Shares of TopBuild Corp. (NYSE:BLD)

Daiwa Securities Group Inc. lowered its stake in TopBuild Corp. (NYSE:BLD) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,800 shares of the construction company’s stock after selling 9,200 shares during the period. Daiwa Securities Group Inc.’s holdings in TopBuild were worth $5,165,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new position in shares of TopBuild in the 4th quarter worth approximately $28,000. BluePath Capital Management LLC purchased a new position in TopBuild during the third quarter worth $30,000. Nomura Asset Management Co. Ltd. increased its position in TopBuild by 37.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock valued at $40,000 after acquiring an additional 43 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of TopBuild in the third quarter valued at $44,000. Finally, Ronald Blue Trust Inc. raised its stake in shares of TopBuild by 75.2% in the third quarter. Ronald Blue Trust Inc. now owns 184 shares of the construction company’s stock valued at $49,000 after acquiring an additional 79 shares during the period. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Performance

BLD stock opened at $383.62 on Friday. TopBuild Corp. has a 1-year low of $199.31 and a 1-year high of $452.87. The business has a 50-day moving average price of $412.70 and a 200 day moving average price of $348.50. The company has a market capitalization of $12.20 billion, a P/E ratio of 19.85, a PEG ratio of 2.12 and a beta of 1.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, beating the consensus estimate of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $4.40 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that TopBuild Corp. will post 21.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BLD. Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Bank of America upped their target price on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. The Goldman Sachs Group increased their price target on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Evercore ISI boosted their price objective on TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, Truist Financial lowered TopBuild from a “buy” rating to a “hold” rating and increased their target price for the stock from $290.00 to $410.00 in a research note on Thursday, January 4th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.40.

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.