Boston Partners Sells 16,964 Shares of TopBuild Corp. $BLD

Boston Partners cut its stake in TopBuild Corp. (NYSE:BLD) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 764,597 shares of the construction company’s stock after selling 16,964 shares during the period. Boston Partners’ holdings in TopBuild were worth $319,198,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Core Wealth Advisors LLC bought a new position in shares of TopBuild in the 4th quarter worth approximately $26,000. Advisory Services Network LLC bought a new position in shares of TopBuild in the 3rd quarter worth approximately $27,000. Parallel Advisors LLC raised its position in shares of TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after acquiring an additional 25 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after acquiring an additional 59 shares in the last quarter. Finally, First Horizon Corp raised its position in shares of TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 50 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

BLD opened at $411.27 on Friday. The stock has a 50-day moving average price of $412.67 and a 200-day moving average price of $433.36. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. The firm has a market cap of $11.52 billion, a PE ratio of 23.11, a P/E/G ratio of 5.53 and a beta of 1.80. TopBuild Corp. has a 1 year low of $293.14 and a 1 year high of $559.47.

TopBuild (NYSE:BLD) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.TopBuild’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.63 EPS. Sell-side analysts predict that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BLD shares. UBS Group set a $440.00 target price on TopBuild in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $496.00 price target (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their price target on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TopBuild has an average rating of “Hold” and an average price target of $466.77.

TopBuild Company 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.