TopBuild Corp. $BLD Stake Cut by CI Investments Inc.

CI Investments Inc. cut its holdings in shares of TopBuild Corp. (NYSE:BLD) by 95.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,061 shares of the construction company’s stock after selling 21,938 shares during the quarter. CI Investments Inc.’s holdings in TopBuild were worth $373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BLD. Border to Coast Pensions Partnership Ltd acquired a new stake in shares of TopBuild during the 4th quarter valued at $4,919,000. Emissary Wealth LLC acquired a new position in shares of TopBuild in the fourth quarter worth $1,109,000. SG Americas Securities LLC raised its holdings in shares of TopBuild by 144.7% during the fourth quarter. SG Americas Securities LLC now owns 33,204 shares of the construction company’s stock worth $13,852,000 after acquiring an additional 19,636 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of TopBuild by 3,781.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,558 shares of the construction company’s stock worth $4,405,000 after acquiring an additional 10,286 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in shares of TopBuild by 1,058.1% during the third quarter. Tudor Investment Corp ET AL now owns 9,265 shares of the construction company’s stock worth $3,621,000 after acquiring an additional 8,465 shares in 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 commented on BLD shares. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. DA Davidson reaffirmed 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. UBS Group set a $440.00 price target on TopBuild in a research note on Wednesday, May 6th. Wells Fargo & Company reduced their price target on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, Loop Capital cut TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $465.00.

TopBuild Stock Performance

Shares of BLD opened at $354.53 on Friday. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80. The company’s fifty day moving average is $389.00 and its 200-day moving average is $421.02. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 12 month low of $321.67 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 (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.11. The business had revenue of $1.45 billion during 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%. TopBuild’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.63 EPS. Equities analysts expect that TopBuild Corp. will post 18.07 EPS for the current fiscal 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.