New York Life Investment Management LLC Reduces Stock Position in TopBuild Corp. (NYSE:BLD)

New York Life Investment Management LLC lowered its holdings in shares of TopBuild Corp. (NYSE:BLD) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,335 shares of the construction company’s stock after selling 35 shares during the quarter. New York Life Investment Management LLC’s holdings in TopBuild were worth $1,248,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. William Blair Investment Management LLC bought a new stake in TopBuild during the 3rd quarter valued at $95,147,000. FMR LLC raised its position in TopBuild by 13.8% during the 3rd quarter. FMR LLC now owns 1,100,719 shares of the construction company’s stock valued at $276,941,000 after purchasing an additional 133,835 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in TopBuild by 83.3% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 275,000 shares of the construction company’s stock valued at $69,190,000 after purchasing an additional 125,000 shares in the last quarter. Qube Research & Technologies Ltd raised its position in TopBuild by 112.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 157,535 shares of the construction company’s stock valued at $39,636,000 after purchasing an additional 83,286 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in TopBuild by 170.4% during the 4th quarter. Victory Capital Management Inc. now owns 62,765 shares of the construction company’s stock valued at $23,490,000 after purchasing an additional 39,552 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Down 5.1 %

Shares of BLD stock opened at $396.35 on Wednesday. TopBuild Corp. has a 1-year low of $199.31 and a 1-year high of $452.87. The stock’s fifty day moving average price is $414.07 and its 200 day moving average price is $363.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.67.

TopBuild (NYSE:BLD) last announced its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, topping the consensus estimate of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned $4.40 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, research analysts expect that TopBuild Corp. will post 21.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stephens reaffirmed an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. DA Davidson initiated coverage on TopBuild in a research report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target for the company. Benchmark boosted their price target on TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Finally, The Goldman Sachs Group boosted their price target on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $418.90.

TopBuild Company Profile

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.