CANADA LIFE ASSURANCE Co Has $7.53 Million Stake in TopBuild Corp. (NYSE:BLD)

CANADA LIFE ASSURANCE Co reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,231 shares of the construction company’s stock after selling 946 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.08% of TopBuild worth $7,529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Anchor Investment Management LLC boosted its position in TopBuild by 10.3% in the 3rd quarter. Anchor Investment Management LLC now owns 888 shares of the construction company’s stock valued at $361,000 after buying an additional 83 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of TopBuild during the third quarter valued at $54,000. Wilmington Savings Fund Society FSB bought a new position in TopBuild in the third quarter valued at about $31,000. JPMorgan Chase & Co. increased its position in TopBuild by 14.1% in the third quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company’s stock worth $34,828,000 after purchasing an additional 10,612 shares during the period. Finally, Versant Capital Management Inc raised its holdings in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Up 4.2 %

NYSE:BLD opened at $288.14 on Wednesday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The stock has a 50-day moving average price of $300.86 and a two-hundred day moving average price of $335.33. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.82 and a beta of 1.78. 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 issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (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 return on equity of 26.40% and a net margin of 11.66%. TopBuild’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.69 EPS. As a group, equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on BLD shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price on the stock. Benchmark lowered their target price 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. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Loop Capital dropped their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Truist Financial reduced their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.56.

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.