Ausbil Investment Management Ltd Cuts Stock Holdings in TopBuild Corp. $BLD

Ausbil Investment Management Ltd trimmed its stake in TopBuild Corp. (NYSE:BLD) by 36.1% during the 4th quarter, Holdings Channel reports. The firm owned 3,832 shares of the construction company’s stock after selling 2,168 shares during the quarter. Ausbil Investment Management Ltd’s holdings in TopBuild were worth $1,599,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BLD. Advisory Services Network LLC purchased a new position in TopBuild in the third quarter worth $27,000. Root Financial Partners LLC purchased a new stake in TopBuild during the third quarter valued at about $34,000. SJS Investment Consulting Inc. raised its position in TopBuild by 3,433.3% during the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after purchasing an additional 103 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in TopBuild during the second quarter worth about $35,000. Finally, Smithfield Trust Co boosted its holdings in shares of TopBuild by 58.6% in the 3rd quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock worth $44,000 after purchasing an additional 41 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BLD. Jefferies Financial Group increased their price objective on TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. DA Davidson dropped their target price on TopBuild from $485.00 to $465.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Benchmark reduced their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Zacks Research downgraded shares of TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $437.93.

TopBuild Stock Down 4.7%

Shares of NYSE BLD opened at $347.19 on Friday. The firm’s fifty day moving average is $454.55 and its 200 day moving average is $437.63. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $559.47. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 4.58 and a beta of 1.72.

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

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.