Kayne Anderson Rudnick Investment Management LLC Trims Stock Holdings in TopBuild Corp. (NYSE:BLD)

Kayne Anderson Rudnick Investment Management LLC lessened its stake in shares of TopBuild Corp. (NYSE:BLD) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,517 shares of the construction company’s stock after selling 5,813 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.22% of TopBuild worth $20,398,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of TopBuild during the 4th quarter worth approximately $108,688,000. E. Ohman J or Asset Management AB purchased a new position in shares of TopBuild during the fourth quarter worth $23,906,000. Invesco Ltd. raised its holdings in shares of TopBuild by 14.6% in the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company’s stock valued at $185,353,000 after buying an additional 75,713 shares during the period. Jackson Square Partners LLC acquired a new position in TopBuild during the 4th quarter worth about $19,462,000. Finally, Victory Capital Management Inc. boosted its holdings in TopBuild by 116.9% during the 4th quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company’s stock valued at $29,442,000 after acquiring an additional 50,959 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BLD. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Loop Capital decreased their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Benchmark reduced their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Truist Financial lowered their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group lowered their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $398.56.

TopBuild Price Performance

Shares of NYSE BLD opened at $285.65 on Monday. The stock has a market cap of $8.35 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The stock has a 50 day moving average of $302.52 and a two-hundred day moving average of $336.42. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last posted 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business earned $4.69 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, research analysts forecast 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.