Mach 1 Financial Group LLC Sells 91 Shares of TopBuild Corp. (NYSE:BLD)

Mach 1 Financial Group LLC lowered its position in TopBuild Corp. (NYSE:BLD) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,256 shares of the construction company’s stock after selling 91 shares during the quarter. Mach 1 Financial Group LLC’s holdings in TopBuild were worth $844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its position in shares of 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 during the last quarter. Invesco Ltd. raised its position in TopBuild by 3.9% in the third quarter. Invesco Ltd. now owns 880,779 shares of the construction company’s stock worth $221,604,000 after acquiring an additional 32,771 shares during the period. William Blair Investment Management LLC bought a new position in TopBuild in the third quarter worth approximately $95,147,000. Adage Capital Partners GP L.L.C. increased its stake in shares of TopBuild by 83.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 275,000 shares of the construction company’s stock worth $69,190,000 after purchasing an additional 125,000 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in TopBuild by 1.8% in the 3rd quarter. Northern Trust Corp now owns 265,856 shares of the construction company’s stock worth $66,889,000 after purchasing an additional 4,811 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

BLD has been the subject of several recent research reports. Bank of America boosted their price target on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. Truist Financial lowered shares of TopBuild from a “buy” rating to a “hold” rating and upped their price target for the stock from $290.00 to $410.00 in a research report on Thursday, January 4th. Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, Benchmark increased their price target on TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, TopBuild has an average rating of “Moderate Buy” and an average target price of $418.90.

TopBuild Price Performance

NYSE BLD traded down $9.34 during trading hours on Tuesday, reaching $404.80. The company’s stock had a trading volume of 232,253 shares, compared to its average volume of 256,845. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 2.97 and a beta of 1.66. TopBuild Corp. has a 1 year low of $199.31 and a 1 year high of $452.87. The firm’s 50-day moving average price is $413.40 and its 200-day moving average price is $356.37. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54.

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