O Shaughnessy Asset Management LLC Reduces Stock Holdings in TopBuild Corp. (NYSE:BLD)

O Shaughnessy Asset Management LLC lowered its holdings in shares of TopBuild Corp. (NYSE:BLD) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,536 shares of the construction company’s stock after selling 518 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in TopBuild were worth $1,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BLD. TT International Asset Management LTD increased its holdings 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 valued at $5,847,000 after buying an additional 4,694 shares during the last quarter. Van ECK Associates Corp raised its holdings in TopBuild by 57.8% in the 4th 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 period. Fortem Financial Group LLC lifted its position in TopBuild by 450.8% during the third quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company’s stock valued at $2,129,000 after purchasing an additional 4,283 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in TopBuild by 14.1% during the third quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company’s stock valued at $34,828,000 after purchasing an additional 10,612 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its position in TopBuild by 51.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company’s stock worth $14,682,000 after buying an additional 16,090 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Truist Financial reduced their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Loop Capital lowered their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Stock Up 6.7 %

Shares of BLD opened at $303.28 on Friday. The business’s 50 day simple moving average is $314.95 and its 200-day simple moving average is $346.40. TopBuild Corp. has a 1 year low of $272.24 and a 1 year high of $495.68. 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 has a market capitalization of $8.87 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.82 and a beta of 1.77.

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