AEGON ASSET MANAGEMENT UK Plc Sells 68,565 Shares of TopBuild Corp. $BLD

AEGON ASSET MANAGEMENT UK Plc decreased its stake in shares of TopBuild Corp. (NYSE:BLD) by 83.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,492 shares of the construction company’s stock after selling 68,565 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in TopBuild were worth $4,745,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Greenleaf Trust lifted its position in shares of TopBuild by 1.8% during the 4th quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after acquiring an additional 22 shares during the period. Root Financial Partners LLC boosted its stake in TopBuild by 25.3% during the fourth quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock worth $45,000 after acquiring an additional 22 shares in the last quarter. UMB Bank n.a. grew its holdings in TopBuild by 6.1% in the fourth quarter. UMB Bank n.a. now owns 384 shares of the construction company’s stock worth $160,000 after purchasing an additional 22 shares during the period. Parallel Advisors LLC grew its holdings in TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after purchasing an additional 25 shares during the period. Finally, Xponance Inc. increased its stake in TopBuild by 0.8% in the third quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock valued at $1,371,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BLD shares. DA Davidson reiterated a “neutral” rating and set a $437.00 price objective (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. UBS Group set a $440.00 target price on TopBuild in a research note on Wednesday, May 6th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Royal Bank Of Canada upped their price target on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Finally, Wells Fargo & Company cut their price target on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $466.77.

TopBuild Stock Performance

Shares of BLD stock opened at $425.72 on Friday. The firm has a market capitalization of $11.93 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 5.75 and a beta of 1.80. The firm has a fifty day simple moving average of $418.29 and a two-hundred day simple moving average of $432.29. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 12 month low of $300.27 and a 12 month high of $559.47.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating 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 net margin of 8.95% and a return on equity of 23.53%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $4.63 earnings per share. Analysts forecast that TopBuild Corp. will post 18.16 EPS for the current fiscal 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.