Fort Washington Investment Advisors Inc. OH Cuts Stock Position in TopBuild Corp. $BLD

Fort Washington Investment Advisors Inc. OH lessened its holdings in shares of TopBuild Corp. (NYSE:BLD) by 9.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,741 shares of the construction company’s stock after selling 4,295 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in TopBuild were worth $16,706,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in BLD. MAI Capital Management increased its stake 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 buying an additional 26 shares during the period. CWM LLC grew its stake in shares of TopBuild by 6.6% in the third quarter. CWM LLC now owns 419 shares of the construction company’s stock worth $164,000 after acquiring an additional 26 shares in the last quarter. Secure Asset Management LLC increased its position in shares of TopBuild by 1.3% during the second quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $702,000 after acquiring an additional 27 shares during the period. UMB Bank n.a. raised its stake in shares of TopBuild by 8.0% in the second quarter. UMB Bank n.a. now owns 364 shares of the construction company’s stock valued at $118,000 after acquiring an additional 27 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in TopBuild by 2.0% in the second quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company’s stock valued at $555,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

BLD stock opened at $425.89 on Wednesday. The business has a 50 day moving average price of $431.59 and a 200 day moving average price of $406.18. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 7.14 and a beta of 1.67. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $461.49.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $5.68 earnings per share. Equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Luis Francisco Machado sold 1,000 shares of TopBuild stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the sale, the vice president directly owned 9,349 shares in the company, valued at $4,210,789.60. This trade represents a 9.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BLD shares. Evercore ISI cut their price target on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Jefferies Financial Group upped their target price on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Benchmark lifted their price target on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada initiated coverage on shares of TopBuild in a report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $437.06.

TopBuild Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.