Fiera Capital Corp Sells 4,104 Shares of TopBuild Corp. (NYSE:BLD)

Fiera Capital Corp decreased its stake in TopBuild Corp. (NYSE:BLD) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,470 shares of the construction company’s stock after selling 4,104 shares during the period. Fiera Capital Corp owned about 0.45% of TopBuild worth $54,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in TopBuild by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after acquiring an additional 15,965 shares during the last quarter. Liontrust Investment Partners LLP raised its holdings in shares of TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after buying an additional 57,880 shares in the last quarter. Bank of New York Mellon Corp lifted its position in TopBuild by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock worth $100,927,000 after buying an additional 2,133 shares during the last quarter. Lazard Asset Management LLC boosted its stake in TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after buying an additional 25,973 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in TopBuild by 7.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company’s stock valued at $53,097,000 after acquiring an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BLD. Evercore ISI lowered their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday. Truist Financial cut their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group lowered their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, DA Davidson lowered their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Trading Down 0.4 %

BLD stock traded down $1.44 during trading on Friday, reaching $371.11. The company had a trading volume of 52,027 shares, compared to its average volume of 287,537. The business has a 50 day moving average of $385.15 and a 200 day moving average of $399.31. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The company has a market cap of $11.20 billion, a P/E ratio of 19.16, a PEG ratio of 2.27 and a beta of 1.79. TopBuild Corp. has a 52 week low of $262.64 and a 52 week high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.43 EPS. As a group, sell-side analysts forecast that TopBuild Corp. will post 21.03 earnings per share for the current fiscal year.

About TopBuild

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.