Artemis Investment Management LLP Has $14.36 Million Holdings in TopBuild Corp. (NYSE:BLD)

Artemis Investment Management LLP trimmed its stake in TopBuild Corp. (NYSE:BLD) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,111 shares of the construction company’s stock after selling 4,305 shares during the period. Artemis Investment Management LLP’s holdings in TopBuild were worth $14,356,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of TopBuild in the 3rd quarter worth about $31,000. Winch Advisory Services LLC bought a new stake in TopBuild during the fourth quarter worth about $26,000. Versant Capital Management Inc grew its stake in TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after buying an additional 72 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of TopBuild during the third quarter worth approximately $45,000. Finally, Kennebec Savings Bank bought a new position in shares of TopBuild in the third quarter valued at approximately $45,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BLD. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and cut their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. DA Davidson decreased their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Jefferies Financial Group lowered their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $437.00.

TopBuild Stock Performance

BLD stock opened at $346.72 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a twelve month low of $302.70 and a twelve month high of $495.68. The business’s fifty day moving average is $345.83 and its 200-day moving average is $379.09. The company has a market cap of $10.23 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 1.84 and a beta of 1.84.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $5.43 earnings per share. Equities research analysts forecast that TopBuild Corp. will post 20.95 EPS for the current year.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.