TopBuild Corp. $BLD Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its stake in shares of TopBuild Corp. (NYSE:BLD) by 22.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,957 shares of the construction company’s stock after selling 32,742 shares during the quarter. Boston Trust Walden Corp owned about 0.41% of TopBuild worth $40,384,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BLD. Fort Washington Investment Advisors Inc. OH lifted its position in TopBuild by 39.5% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 63,595 shares of the construction company’s stock valued at $22,341,000 after purchasing an additional 18,020 shares during the period. Border to Coast Pensions Partnership Ltd boosted its holdings in TopBuild by 534.9% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 74,723 shares of the construction company’s stock worth $26,331,000 after buying an additional 62,954 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in TopBuild during the 1st quarter worth approximately $2,846,000. Silver Oak Securities Incorporated raised its holdings in shares of TopBuild by 25.6% during the first quarter. Silver Oak Securities Incorporated now owns 957 shares of the construction company’s stock valued at $336,000 after acquiring an additional 195 shares during the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of TopBuild during the first quarter valued at approximately $200,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BLD. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Wells Fargo & Company dropped their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Evercore set a $360.00 price objective on shares of TopBuild in a research report on Monday. UBS Group set a $440.00 price objective on TopBuild in a research report on Wednesday, May 6th. Finally, DA Davidson restated a “neutral” rating and issued a $437.00 target price (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, TopBuild currently has an average rating of “Hold” and an average price target of $460.00.

TopBuild Price Performance

Shares of NYSE BLD opened at $354.53 on Friday. 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 Corp. has a one year low of $321.67 and a one year high of $559.47. The firm has a market capitalization of $9.94 billion, a P/E ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. The company’s fifty day moving average is $412.06 and its two-hundred day moving average is $428.58.

TopBuild (NYSE:BLD) last released its quarterly 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.63 EPS. Analysts forecast that TopBuild Corp. will post 18.07 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.