Comerica Bank Sells 913 Shares of TopBuild Corp. (NYSE:BLD)

Comerica Bank reduced its stake in TopBuild Corp. (NYSE:BLD) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,322 shares of the construction company’s stock after selling 913 shares during the period. Comerica Bank’s holdings in TopBuild were worth $3,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in TopBuild in the 3rd quarter valued at $31,000. Winch Advisory Services LLC acquired a new position in TopBuild in the fourth quarter valued at about $26,000. Versant Capital Management Inc lifted its position in TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the period. V Square Quantitative Management LLC grew its stake in TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares in the last quarter. Finally, R Squared Ltd bought a new position in TopBuild in the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the topic of several analyst reports. Truist Financial reduced their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Loop Capital decreased their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $398.56.

TopBuild Stock Performance

NYSE:BLD opened at $285.00 on Wednesday. The stock’s 50-day moving average is $297.28 and its 200-day moving average is $328.33. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a market cap of $8.33 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.81 EPS. Equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

About TopBuild

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.