Mutual of America Capital Management LLC Sells 1,210 Shares of TopBuild Corp. $BLD

Mutual of America Capital Management LLC lowered its stake in shares of TopBuild Corp. (NYSE:BLD) by 8.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,922 shares of the construction company’s stock after selling 1,210 shares during the quarter. Mutual of America Capital Management LLC’s holdings in TopBuild were worth $5,051,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BLD. Whittier Trust Co. of Nevada Inc. increased its position in TopBuild by 0.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 21,022 shares of the construction company’s stock valued at $8,396,000 after buying an additional 145 shares in the last quarter. Whittier Trust Co. grew its stake in TopBuild by 1.6% in the third quarter. Whittier Trust Co. now owns 41,265 shares of the construction company’s stock valued at $16,481,000 after acquiring an additional 663 shares during the period. Sagespring Wealth Partners LLC bought a new stake in shares of TopBuild during the third quarter valued at approximately $214,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of TopBuild by 30.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 36,836 shares of the construction company’s stock valued at $14,398,000 after acquiring an additional 8,698 shares in the last quarter. Finally, Locust Wood Capital Advisers LLC acquired a new position in shares of TopBuild during the third quarter worth approximately $620,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BLD. Evercore ISI reduced their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research report on Wednesday, November 5th. Vertical Research assumed coverage on shares of TopBuild in a research report on Tuesday, October 21st. They set a “buy” rating and a $517.96 target price for the company. Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, January 14th. Jefferies Financial Group lifted their price target on TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Truist Financial boosted their price objective on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $439.73.

TopBuild Trading Down 0.5%

Shares of BLD stock opened at $479.87 on Friday. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $509.36. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. The company has a 50-day simple moving average of $450.02 and a two-hundred day simple moving average of $425.69. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 7.96 and a beta of 1.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, topping the consensus estimate of $5.22 by $0.14. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $5.68 EPS. Research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insider Buying and Selling

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total value of $450,400.00. Following the transaction, the vice president owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

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.