Legal & General Group Plc Sells 1,874 Shares of TopBuild Corp. $BLD

Legal & General Group Plc lowered its holdings in TopBuild Corp. (NYSE:BLD) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,631 shares of the construction company’s stock after selling 1,874 shares during the period. Legal & General Group Plc owned approximately 0.15% of TopBuild worth $17,785,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BLD. Advisory Services Network LLC purchased a new stake in TopBuild in the 3rd quarter worth approximately $27,000. Global Retirement Partners LLC lifted its stake in TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after purchasing an additional 59 shares in the last quarter. First Horizon Corp lifted its stake in TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 50 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in TopBuild in the 4th quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC lifted its stake in TopBuild by 41.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 105 shares of the construction company’s stock worth $44,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BLD. Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price on the stock. in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Benchmark lowered their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company lowered their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $466.77.

TopBuild Stock Performance

NYSE BLD opened at $412.60 on Tuesday. TopBuild Corp. has a 52-week low of $273.87 and a 52-week high of $559.47. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The company has a market capitalization of $11.61 billion, a P/E ratio of 23.18, a P/E/G ratio of 4.86 and a beta of 1.85. The company has a fifty day moving average of $402.73 and a 200-day moving average of $434.30.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm posted $4.63 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts predict that TopBuild Corp. will post 18.15 EPS for the current fiscal year.

TopBuild Profile

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.