TopBuild Corp. (NYSE:BLD) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of TopBuild Corp. (NYSE:BLD) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 87,244 shares of the construction company’s stock after selling 3,187 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in TopBuild were worth $27,163,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. purchased a new position in shares of TopBuild in the third quarter worth about $114,220,000. FMR LLC raised its position in TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after buying an additional 161,743 shares during the last quarter. Jennison Associates LLC raised its position in TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after buying an additional 110,143 shares during the last quarter. Natixis Advisors LLC acquired a new stake in TopBuild during the 3rd quarter valued at approximately $41,981,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of TopBuild by 37.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after acquiring an additional 48,562 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE:BLD opened at $352.09 on Friday. The company has a fifty day moving average of $344.51 and a two-hundred day moving average of $376.47. TopBuild Corp. has a fifty-two week low of $302.70 and a fifty-two week high of $495.68. The stock has a market capitalization of $10.39 billion, a PE ratio of 17.76, a P/E/G ratio of 2.08 and a beta of 1.84. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted $5.43 EPS. TopBuild’s revenue was up 3.6% compared to the same quarter last year. As a group, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BLD shares. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group decreased their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group dropped their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Finally, Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $437.00.

TopBuild 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.