Voya Investment Management LLC Sells 7,154 Shares of TopBuild Corp. $BLD

Voya Investment Management LLC lessened its holdings in shares of TopBuild Corp. (NYSE:BLD) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,520 shares of the construction company’s stock after selling 7,154 shares during the quarter. Voya Investment Management LLC owned approximately 0.17% of TopBuild worth $18,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC bought a new position in TopBuild in the 1st quarter worth $35,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in TopBuild in the second quarter worth about $35,000. MAI Capital Management raised its stake in shares of TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after buying an additional 26 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of TopBuild by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock valued at $47,000 after buying an additional 73 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TopBuild during the 2nd quarter valued at approximately $63,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Luis Francisco Machado sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the transaction, the vice president directly owned 9,349 shares in the company, valued at approximately $4,210,789.60. This represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is owned by company insiders.

TopBuild Stock Down 0.8%

BLD opened at $426.68 on Monday. The company has a market capitalization of $11.98 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 7.12 and a beta of 1.67. The firm has a 50-day simple moving average of $432.95 and a two-hundred day simple moving average of $400.01. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $461.49.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $5.68 earnings per share. Analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their target price on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. DA Davidson reissued a “buy” rating and issued a $485.00 price objective on shares of TopBuild in a research note on Wednesday, December 10th. Truist Financial lifted their target price on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research note on Thursday, October 9th. Evercore ISI decreased their price target on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $437.06.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.