Kennedy Capital Management LLC Decreases Stock Holdings in TopBuild Corp. $BLD

Kennedy Capital Management LLC decreased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,296 shares of the construction company’s stock after selling 6,048 shares during the period. Kennedy Capital Management LLC’s holdings in TopBuild were worth $23,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BLD. Core Wealth Advisors LLC purchased a new position in shares of TopBuild during the 4th quarter valued at approximately $26,000. Advisory Services Network LLC purchased a new position in shares of TopBuild during the 3rd quarter valued at approximately $27,000. Parallel Advisors LLC lifted its position in shares of TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after buying an additional 25 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after buying an additional 59 shares in the last quarter. Finally, First Horizon Corp lifted its position in shares of TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 0.3%

Shares of BLD stock opened at $411.27 on Friday. The stock’s fifty day moving average is $412.67 and its two-hundred day moving average is $433.36. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The firm has a market capitalization of $11.53 billion, a P/E ratio of 23.11, a PEG ratio of 5.54 and a beta of 1.80. TopBuild Corp. has a fifty-two week low of $293.14 and a fifty-two week high of $559.47.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm earned $4.63 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts expect that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company decreased their target price on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Zacks Research upgraded TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. DA Davidson restated a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. UBS Group set a $440.00 price objective on TopBuild in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.