Montag A & Associates Inc. Cuts Stock Position in TopBuild Corp. (NYSE:BLD)

Montag A & Associates Inc. lessened its stake in TopBuild Corp. (NYSE:BLD – Get Rating) by 55.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,200 shares of the construction company’s stock after selling 4,050 shares during the period. Montag A & Associates Inc.’s holdings in TopBuild were worth $883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in TopBuild in the fourth quarter valued at about $34,000. Emerald Advisers LLC purchased a new position in TopBuild in the fourth quarter valued at about $51,000. CWM LLC purchased a new position in TopBuild in the fourth quarter valued at about $52,000. Trust Co. of Vermont purchased a new position in TopBuild in the fourth quarter valued at about $67,000. Finally, Quadrant Capital Group LLC grew its stake in shares of TopBuild by 46.9% during the fourth quarter. Quadrant Capital Group LLC now owns 376 shares of the construction company’s stock worth $104,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 96.91% of the company’s stock.

Shares of NYSE:BLD opened at $193.48 on Thursday. TopBuild Corp. has a 12-month low of $165.01 and a 12-month high of $284.07. The company has a market capitalization of $6.39 billion, a PE ratio of 19.80 and a beta of 1.45. The business has a 50 day moving average of $194.36 and a two-hundred day moving average of $232.29. The company has a current ratio of 1.62, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

TopBuild (NYSE:BLD – Get Rating) last announced its earnings results on Tuesday, February 22nd. The construction company reported $3.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.13. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. TopBuild had a return on equity of 23.71% and a net margin of 9.29%. The business’s quarterly revenue was up 47.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.15 EPS. Equities research analysts predict that TopBuild Corp. will post 13.97 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on TopBuild from $219.00 to $193.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 20th. Credit Suisse Group assumed coverage on TopBuild in a research note on Tuesday, April 5th. They set an “outperform” rating and a $235.00 price target on the stock. Jefferies Financial Group dropped their price target on TopBuild from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Truist Financial boosted their price target on TopBuild from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 23rd. Finally, Benchmark dropped their target price on TopBuild from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, TopBuild presently has a consensus rating of “Buy” and an average target price of $262.50.

TopBuild Profile (Get Rating)

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building 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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.

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