TopBuild Corp. $BLD Position Cut by Natixis Advisors LLC

Natixis Advisors LLC trimmed its stake in TopBuild Corp. (NYSE:BLD) by 21.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 71,962 shares of the construction company’s stock after selling 19,716 shares during the quarter. Natixis Advisors LLC owned approximately 0.26% of TopBuild worth $30,022,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC bought a new stake in shares of TopBuild during the fourth quarter valued at about $26,000. Advisory Services Network LLC bought a new stake in shares of TopBuild during the third quarter valued at about $27,000. Global Retirement Partners LLC raised its stake in shares of TopBuild by 310.5% during the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. First Horizon Corp raised its stake in shares of TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of TopBuild during the fourth quarter valued at about $43,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

Shares of NYSE BLD opened at $405.96 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 5.51 and a beta of 1.80. The stock’s fifty day simple moving average is $406.50 and its 200 day simple moving average is $433.87. TopBuild Corp. has a 52-week low of $287.50 and a 52-week high of $559.47.

TopBuild (NYSE:BLD) last posted its quarterly earnings data 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 firm had revenue of $1.45 billion for 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 for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.63 EPS. As a group, sell-side analysts forecast that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BLD shares. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. UBS Group set a $440.00 price objective on shares of TopBuild in a research note on Wednesday, May 6th. Wells Fargo & Company cut their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Royal Bank Of Canada lifted their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Finally, DA Davidson restated a “neutral” rating and set a $437.00 price objective (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $466.77.

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.