Summit Investment Advisors Inc. Lowers Position in TopBuild Corp. (NYSE:BLD)

Summit Investment Advisors Inc. trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,873 shares of the construction company’s stock after selling 278 shares during the quarter. Summit Investment Advisors Inc.’s holdings in TopBuild were worth $1,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BLD. Distillate Capital Partners LLC grew its holdings in shares of TopBuild by 26.7% during the fourth quarter. Distillate Capital Partners LLC now owns 50,075 shares of the construction company’s stock worth $15,590,000 after purchasing an additional 10,565 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in TopBuild during the fourth quarter valued at approximately $3,366,000. Sterling Capital Management LLC grew its stake in TopBuild by 45.4% in the 4th quarter. Sterling Capital Management LLC now owns 1,687 shares of the construction company’s stock worth $525,000 after buying an additional 527 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of TopBuild by 2.7% in the 4th quarter. Kennedy Capital Management LLC now owns 40,944 shares of the construction company’s stock worth $12,747,000 after buying an additional 1,063 shares during the last quarter. Finally, Capital Fund Management S.A. raised its position in shares of TopBuild by 17.3% during the 4th quarter. Capital Fund Management S.A. now owns 30,209 shares of the construction company’s stock valued at $9,405,000 after buying an additional 4,451 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on BLD. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research note on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price on the stock. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Truist Financial dropped their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Loop Capital reduced their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Benchmark lowered their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $398.56.

TopBuild Stock Performance

NYSE:BLD opened at $287.44 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The firm has a market cap of $8.41 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The business has a 50 day moving average price of $305.21 and a 200-day moving average price of $339.39.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share 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 business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company posted $4.69 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts predict 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.