TopBuild Corp. $BLD Shares Sold by Comerica Bank

Comerica Bank decreased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 52.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,977 shares of the construction company’s stock after selling 12,950 shares during the quarter. Comerica Bank’s holdings in TopBuild were worth $4,997,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BLD. AQR Capital Management LLC boosted its stake in shares of TopBuild by 48.2% during the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after buying an additional 837 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of TopBuild by 106.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company’s stock worth $77,000 after buying an additional 123 shares during the period. First Trust Advisors LP raised its holdings in TopBuild by 8.1% during the second quarter. First Trust Advisors LP now owns 67,835 shares of the construction company’s stock worth $21,961,000 after purchasing an additional 5,093 shares in the last quarter. Marshall Wace LLP purchased a new position in TopBuild during the second quarter worth about $489,000. Finally, Federated Hermes Inc. raised its holdings in TopBuild by 10.7% during the second quarter. Federated Hermes Inc. now owns 6,759 shares of the construction company’s stock worth $2,188,000 after purchasing an additional 654 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Down 0.7%

NYSE BLD opened at $439.61 on Friday. TopBuild Corp. has a 52-week low of $273.87 and a 52-week high of $559.47. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $12.37 billion, a P/E ratio of 24.02, a P/E/G ratio of 5.56 and a beta of 1.78. The firm has a 50-day moving average price of $403.41 and a 200 day moving average price of $436.67.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $5.13 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts expect that TopBuild Corp. will post 18.12 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Zacks Research cut shares of TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Wells Fargo & Company cut their price target on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $496.00 price target (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and an average target price of $447.21.

About TopBuild

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.