Boston Partners Cuts Stake in TopBuild Corp. $BLD

Boston Partners decreased its holdings in TopBuild Corp. (NYSE:BLD) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 764,597 shares of the construction company’s stock after selling 16,964 shares during the period. Boston Partners owned approximately 2.72% of TopBuild worth $319,198,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new position in shares of TopBuild during the fourth quarter valued at about $26,000. Advisory Services Network LLC bought a new position in shares of TopBuild during the third quarter valued at about $27,000. Parallel Advisors LLC grew its stake in shares of TopBuild by 50.0% during the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after buying an additional 25 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of TopBuild by 310.5% during the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after buying an additional 59 shares during the last quarter. Finally, First Horizon Corp grew its stake in shares of TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Loop Capital cut TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective on the stock. in a research note on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a research note on Tuesday. Royal Bank Of Canada increased their price objective on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. Finally, Benchmark dropped their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TopBuild has a consensus rating of “Hold” and a consensus price target of $466.77.

TopBuild Trading Up 0.3%

NYSE BLD opened at $411.27 on Friday. The stock has a market cap of $11.52 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 5.53 and a beta of 1.80. TopBuild Corp. has a fifty-two week low of $293.14 and a fifty-two week high of $559.47. The stock has a 50 day simple moving average of $412.67 and a two-hundred day simple moving average of $433.36. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the company earned $4.63 EPS. On average, analysts forecast that TopBuild Corp. will post 18.16 earnings per share for the current year.

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.