Atom Investors LP Decreases Stock Position in TopBuild Corp. $BLD

Atom Investors LP lessened its position in TopBuild Corp. (NYSE:BLD) by 33.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,990 shares of the construction company’s stock after selling 5,088 shares during the quarter. Atom Investors LP’s holdings in TopBuild were worth $4,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its position in TopBuild by 48.2% during the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after buying an additional 837 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in TopBuild by 106.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company’s stock worth $77,000 after buying an additional 123 shares in the last quarter. First Trust Advisors LP lifted its position in TopBuild by 8.1% during the second quarter. First Trust Advisors LP now owns 67,835 shares of the construction company’s stock worth $21,961,000 after buying an additional 5,093 shares in the last quarter. Marshall Wace LLP purchased a new position in TopBuild during the second quarter worth approximately $489,000. Finally, Federated Hermes Inc. lifted its position in TopBuild by 10.7% during the second quarter. Federated Hermes Inc. now owns 6,759 shares of the construction company’s stock worth $2,188,000 after buying an additional 654 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

BLD stock opened at $415.61 on Wednesday. The business has a fifty day moving average of $414.91 and a two-hundred day moving average of $432.85. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 5.56 and a beta of 1.80. TopBuild Corp. has a 52-week low of $293.14 and a 52-week high of $559.47.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.11. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.63 earnings per share. As a group, research analysts anticipate that TopBuild Corp. will post 18.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on BLD. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $496.00 price objective (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Wells Fargo & Company reduced their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Zacks Research upgraded TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Benchmark reduced their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Royal Bank Of Canada lifted their price objective on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $466.77.

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.