The Manufacturers Life Insurance Company Sells 6,171 Shares of TopBuild Corp. (NYSE:BLD)

The Manufacturers Life Insurance Company lowered its stake in TopBuild Corp. (NYSE:BLD) by 24.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,250 shares of the construction company’s stock after selling 6,171 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of TopBuild worth $7,831,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild in the 2nd quarter worth about $30,000. Kennebec Savings Bank bought a new stake in TopBuild during the 3rd quarter valued at about $45,000. UMB Bank n.a. boosted its stake in TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after purchasing an additional 62 shares during the last quarter. Private Trust Co. NA raised its position in TopBuild by 151.4% in the 3rd quarter. Private Trust Co. NA now owns 176 shares of the construction company’s stock worth $72,000 after buying an additional 106 shares during the last quarter. Finally, Blue Trust Inc. grew its position in TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BLD shares. Jefferies Financial Group lowered their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI decreased their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Truist Financial cut their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Stephens lowered their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Trading Down 1.7 %

Shares of BLD opened at $386.10 on Thursday. TopBuild Corp. has a fifty-two week low of $308.01 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company’s fifty day moving average is $380.66 and its 200 day moving average is $395.04. The stock has a market capitalization of $11.39 billion, a PE ratio of 19.82, a P/E/G ratio of 2.45 and a beta of 1.79.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. During the same period in the prior year, the company earned $5.43 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that TopBuild Corp. will post 20.99 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.