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 fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Savant Capital LLC acquired a new stake in TopBuild in the fourth quarter valued at $294,000. Van ECK Associates Corp lifted its stake in TopBuild by 36.6% in the fourth quarter. Van ECK Associates Corp now owns 8,995 shares of the construction company’s stock valued at $3,366,000 after acquiring an additional 2,408 shares during the last quarter. Retirement Systems of Alabama lifted its stake in TopBuild by 22.4% in the fourth quarter. Retirement Systems of Alabama now owns 74,095 shares of the construction company’s stock valued at $27,731,000 after acquiring an additional 13,542 shares during the last quarter. Transcend Capital Advisors LLC acquired a new stake in TopBuild in the fourth quarter valued at $223,000. Finally, Russell Investments Group Ltd. lifted its stake in TopBuild by 1.6% in the fourth quarter. Russell Investments Group Ltd. now owns 32,241 shares of the construction company’s stock valued at $12,067,000 after acquiring an additional 504 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE:BLD traded down $9.34 during mid-day trading on Tuesday, reaching $404.80. 232,253 shares of the company’s stock were exchanged, compared to its average volume of 256,845. TopBuild Corp. has a one year low of $199.31 and a one year high of $452.87. The firm has a market capitalization of $12.88 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.97 and a beta of 1.66. The business’s fifty day simple moving average is $413.40 and its two-hundred day simple moving average is $356.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on BLD. Truist Financial cut shares of TopBuild from a “buy” rating to a “hold” rating and increased their price target for the company from $290.00 to $410.00 in a research note on Thursday, January 4th. Evercore ISI raised their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. The Goldman Sachs Group raised their target price on shares of TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Stephens restated an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $418.90.

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.