Natixis Advisors LLC Sells 39,797 Shares of TopBuild Corp. $BLD

Natixis Advisors LLC reduced its position in TopBuild Corp. (NYSE:BLD) by 30.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,678 shares of the construction company’s stock after selling 39,797 shares during the period. Natixis Advisors LLC owned about 0.33% of TopBuild worth $35,833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MAI Capital Management increased its holdings in shares of TopBuild by 28.3% in the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after purchasing an additional 26 shares in the last quarter. CWM LLC lifted its holdings in shares of TopBuild by 6.6% during the third quarter. CWM LLC now owns 419 shares of the construction company’s stock valued at $164,000 after purchasing an additional 26 shares in the last quarter. Xponance Inc. lifted its holdings in shares of TopBuild by 0.8% during the third quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock valued at $1,371,000 after purchasing an additional 27 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of TopBuild by 0.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,724 shares of the construction company’s stock valued at $1,457,000 after buying an additional 31 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of TopBuild by 31.7% during the third quarter. Bessemer Group Inc. now owns 133 shares of the construction company’s stock valued at $52,000 after buying an additional 32 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

Shares of NYSE:BLD opened at $384.22 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $10.81 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 4.74 and a beta of 1.72. The firm’s 50 day moving average price is $477.22 and its 200-day moving average price is $443.41. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $559.47.

TopBuild (NYSE:BLD) last announced its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business posted $5.13 earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on BLD shares. Jefferies Financial Group boosted their target price on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Zacks Research downgraded shares of TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Wells Fargo & Company reduced their price target on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. DA Davidson restated a “buy” rating and set a $485.00 price objective on shares of TopBuild in a research report on Wednesday, December 10th. Finally, Royal Bank Of Canada raised their target price on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $439.26.

About TopBuild

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.