American Century Companies Inc. Sells 34,993 Shares of TopBuild Corp. $BLD

American Century Companies Inc. lessened its position in shares of TopBuild Corp. (NYSE:BLD) by 17.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,986 shares of the construction company’s stock after selling 34,993 shares during the quarter. American Century Companies Inc.’s holdings in TopBuild were worth $62,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC lifted its position in TopBuild by 48.2% in the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after purchasing an additional 837 shares during the period. AlphaQuest LLC increased its holdings in TopBuild by 438.7% in the 2nd quarter. AlphaQuest LLC now owns 334 shares of the construction company’s stock valued at $108,000 after buying an additional 272 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of TopBuild by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 35,036 shares of the construction company’s stock valued at $11,342,000 after buying an additional 2,094 shares in the last quarter. Bank of Montreal Can increased its stake in TopBuild by 6.2% in the second quarter. Bank of Montreal Can now owns 5,397 shares of the construction company’s stock valued at $1,747,000 after acquiring an additional 316 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in TopBuild by 7.7% during the second quarter. Penserra Capital Management LLC now owns 866 shares of the construction company’s stock worth $280,000 after purchasing an additional 62 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $420.70 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $559.47. The stock has a market capitalization of $11.84 billion, a P/E ratio of 22.99, a P/E/G ratio of 5.21 and a beta of 1.72. The business has a 50-day moving average price of $480.16 and a two-hundred day moving average price of $444.26.

TopBuild (NYSE:BLD) last issued its earnings results on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.39 by $0.11. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.13 EPS. Equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Benchmark decreased their price target on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. DA Davidson reissued a “buy” rating and set a $485.00 price objective on shares of TopBuild in a report on Wednesday, December 10th. Evercore lowered their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Wells Fargo & Company dropped their target price on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, Jefferies Financial Group boosted their price target on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $439.26.

TopBuild Company 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.