Los Angeles Capital Management LLC Reduces Stake in TopBuild Corp. (NYSE:BLD)

Los Angeles Capital Management LLC lessened its stake in shares of TopBuild Corp. (NYSE:BLD) by 28.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,337 shares of the construction company’s stock after selling 542 shares during the quarter. Los Angeles Capital Management LLC’s holdings in TopBuild were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BLD. Vaughan Nelson Investment Management L.P. purchased a new position in TopBuild during the third quarter valued at approximately $114,220,000. FMR LLC grew its position in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after purchasing an additional 161,743 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of TopBuild by 2,833.6% in the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after purchasing an additional 110,143 shares during the period. Natixis Advisors LLC purchased a new stake in shares of TopBuild in the third quarter worth $41,981,000. Finally, E. Ohman J or Asset Management AB bought a new stake in TopBuild during the fourth quarter valued at $23,906,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

TopBuild stock opened at $296.24 on Tuesday. The firm has a fifty day simple moving average of $325.69 and a two-hundred day simple moving average of $359.25. TopBuild Corp. has a twelve month low of $293.88 and a twelve month high of $495.68. The company has a market capitalization of $8.66 billion, a PE ratio of 14.95, a P/E/G ratio of 1.82 and a beta of 1.85. 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 (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business posted $4.69 EPS. TopBuild’s quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BLD shares. Benchmark decreased their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday. Truist Financial decreased their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group dropped their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus target price of $411.78.

About TopBuild

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.