Ostrum Asset Management Has $16.26 Million Holdings in TopBuild Corp. (NYSE:BLD)

Ostrum Asset Management boosted its position in TopBuild Corp. (NYSE:BLD) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,225 shares of the construction company’s stock after buying an additional 3,240 shares during the period. TopBuild makes up 1.4% of Ostrum Asset Management’s holdings, making the stock its 27th biggest holding. Ostrum Asset Management owned about 0.18% of TopBuild worth $16,260,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sheaff Brock Investment Advisors LLC lifted its stake in shares of TopBuild by 0.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock valued at $1,681,000 after purchasing an additional 40 shares during the period. V Square Quantitative Management LLC lifted its stake in TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after buying an additional 42 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of TopBuild by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company’s stock worth $301,000 after buying an additional 48 shares in the last quarter. Trust Co. of Vermont grew its position in shares of TopBuild by 21.8% during the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company’s stock worth $96,000 after buying an additional 55 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of TopBuild by 18.0% in the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company’s stock valued at $137,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BLD shares. Loop Capital reduced their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group cut their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price on the stock. Finally, Benchmark decreased their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and an average target price of $398.56.

TopBuild Stock Performance

Shares of BLD stock opened at $285.65 on Monday. 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 firm has a 50-day moving average of $302.52 and a 200-day moving average of $336.42. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The company 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 (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 net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $4.69 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS 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.