TopBuild Corp. (NYSE:BLD) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in TopBuild Corp. (NYSE:BLD) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 41,712 shares of the construction company’s stock after selling 2,693 shares during the period. Voya Investment Management LLC’s holdings in TopBuild were worth $12,987,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Truist Financial lowered their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group decreased their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Benchmark reduced their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research note on Tuesday, April 1st. They set a “buy” rating and a $356.00 price target on the stock. Finally, StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.56.

TopBuild Stock Down 1.8 %

Shares of NYSE:BLD opened at $296.83 on Monday. The company has a 50 day moving average of $299.30 and a two-hundred day moving average of $333.09. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping 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 business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $4.69 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. As a group, analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.