Bessemer Group Inc. Reduces Stock Holdings in TopBuild Corp. (NYSE:BLD)

Bessemer Group Inc. cut its position in shares of TopBuild Corp. (NYSE:BLD) by 46.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106 shares of the construction company’s stock after selling 92 shares during the period. Bessemer Group Inc.’s holdings in TopBuild were worth $33,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC boosted its position in shares of TopBuild by 0.7% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock valued at $1,681,000 after buying an additional 40 shares during the period. V Square Quantitative Management LLC boosted 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 acquiring an additional 42 shares during the period. CIBC Asset Management Inc boosted its holdings in TopBuild by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company’s stock valued at $301,000 after acquiring an additional 48 shares during the period. Trust Co. of Vermont grew its position in TopBuild by 21.8% in the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company’s stock valued at $96,000 after acquiring an additional 55 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in TopBuild by 18.0% in the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company’s stock worth $137,000 after purchasing an additional 67 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BLD. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Loop Capital reduced their target price 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. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Truist Financial decreased 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. Finally, The Goldman Sachs Group dropped their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Trading Up 2.3 %

Shares of NYSE BLD opened at $285.65 on Friday. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The business has a fifty day moving average price of $303.37 and a 200 day moving average price of $338.14. The stock has a market capitalization of $8.35 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last released its quarterly 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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $4.69 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.