2Xideas AG Cuts Holdings in TopBuild Corp. $BLD

2Xideas AG lowered its stake in TopBuild Corp. (NYSE:BLD) by 47.9% during the second quarter, Holdings Channel.com reports. The firm owned 16,912 shares of the construction company’s stock after selling 15,558 shares during the quarter. 2Xideas AG’s holdings in TopBuild were worth $5,475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SVB Wealth LLC purchased a new stake in shares of TopBuild during the first quarter worth approximately $35,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in TopBuild during the 2nd quarter worth approximately $35,000. MAI Capital Management grew its holdings in TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of TopBuild in the 2nd quarter valued at approximately $63,000. Finally, Blue Trust Inc. raised its holdings in shares of TopBuild by 21.7% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock valued at $73,000 after purchasing an additional 40 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Trading Down 0.9%

BLD opened at $433.03 on Tuesday. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $461.49. The business’s 50 day moving average is $428.59 and its two-hundred day moving average is $390.67. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 7.29 and a beta of 1.67.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm posted $5.68 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling

In other news, VP Luis Francisco Machado sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of the sale, the vice president directly owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. This represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BLD shares. Evercore ISI lowered their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. Royal Bank Of Canada initiated coverage on TopBuild in a report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price objective on the stock. Wells Fargo & Company began coverage on TopBuild in a research note on Monday, November 17th. They set an “overweight” rating and a $500.00 target price for the company. Finally, Truist Financial upped their price target on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average price target of $430.00.

TopBuild 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.