Great Lakes Retirement Inc. Trims Stock Position in TopBuild Corp. (NYSE:BLD)

Great Lakes Retirement Inc. cut its stake in TopBuild Corp. (NYSE:BLD) by 6.4% in the 4th quarter, Holdings Channel reports. The firm owned 926 shares of the construction company’s stock after selling 63 shares during the period. Great Lakes Retirement Inc.’s holdings in TopBuild were worth $347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Contravisory Investment Management Inc. purchased a new position in shares of TopBuild during the 4th quarter worth approximately $28,000. Farther Finance Advisors LLC grew its stake in TopBuild by 107.1% in the second quarter. Farther Finance Advisors LLC now owns 116 shares of the construction company’s stock worth $31,000 after purchasing an additional 60 shares during the period. BluePath Capital Management LLC bought a new position in TopBuild in the third quarter worth $30,000. Nomura Asset Management Co. Ltd. raised its holdings in TopBuild by 37.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock worth $40,000 after purchasing an additional 43 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in TopBuild during the third quarter valued at $44,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BLD. DA Davidson started coverage on shares of TopBuild in a research note on Tuesday, March 5th. They set a “buy” rating and a $470.00 target price for the company. The Goldman Sachs Group raised their price target on TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a report on Friday, March 1st. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, December 26th. JPMorgan Chase & Co. raised shares of TopBuild from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $312.00 to $387.00 in a report on Thursday, December 14th. Finally, Benchmark increased their price target on shares of TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $392.80.

TopBuild Price Performance

Shares of TopBuild stock traded up $2.90 during trading hours on Thursday, reaching $441.37. The company’s stock had a trading volume of 120,705 shares, compared to its average volume of 251,713. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. TopBuild Corp. has a one year low of $184.50 and a one year high of $443.07. The firm has a 50 day moving average price of $396.58 and a 200-day moving average price of $329.64. The stock has a market cap of $14.04 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, topping the consensus estimate of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $4.40 earnings per share. TopBuild’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that TopBuild Corp. will post 20.86 EPS for the current 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.