Wells Fargo & Company MN Has $11.56 Million Position in TopBuild Corp. (NYSE:BLD)

Wells Fargo & Company MN lessened its position in TopBuild Corp. (NYSE:BLD) by 39.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,131 shares of the construction company’s stock after selling 24,525 shares during the period. Wells Fargo & Company MN’s holdings in TopBuild were worth $11,560,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Pitcairn Co. lifted its position in TopBuild by 3.8% during the 4th quarter. Pitcairn Co. now owns 2,304 shares of the construction company’s stock valued at $717,000 after purchasing an additional 84 shares during the period. Cynosure Group LLC increased its stake in TopBuild by 10.0% in the 4th quarter. Cynosure Group LLC now owns 972 shares of the construction company’s stock valued at $303,000 after buying an additional 88 shares during the last quarter. Bryce Point Capital LLC bought a new position in TopBuild in the fourth quarter valued at approximately $492,000. National Bank of Canada FI lifted its stake in TopBuild by 183.9% in the fourth quarter. National Bank of Canada FI now owns 25,833 shares of the construction company’s stock valued at $8,043,000 after acquiring an additional 16,735 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in TopBuild by 109.0% in the fourth quarter. Meeder Asset Management Inc. now owns 8,621 shares of the construction company’s stock valued at $2,684,000 after buying an additional 4,497 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BLD shares. Truist Financial cut their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Loop Capital reduced their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Benchmark lowered their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research note on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price target for the company. Finally, The Goldman Sachs Group lowered their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $398.56.

TopBuild Price Performance

TopBuild stock opened at $287.44 on Wednesday. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.82 and a beta of 1.78. The business’s 50 day simple moving average is $305.21 and its 200 day simple moving average is $339.39. 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 Corp. has a 12 month low of $266.26 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.69 earnings per share. Sell-side analysts forecast that TopBuild Corp. will post 20.97 EPS for the current 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.