Hosking Partners LLP Trims Stock Holdings in TopBuild Corp. (NYSE:BLD)

Hosking Partners LLP cut its holdings in shares of TopBuild Corp. (NYSE:BLD) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,433 shares of the construction company’s stock after selling 4,711 shares during the quarter. Hosking Partners LLP owned approximately 0.12% of TopBuild worth $11,343,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLD. Loop Capital dropped their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday. DA Davidson cut their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $422.33.

TopBuild Price Performance

Shares of NYSE BLD opened at $304.01 on Friday. The stock has a market cap of $8.97 billion, a P/E ratio of 15.34, 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. The firm’s 50-day simple moving average is $326.08 and its 200 day simple moving average is $360.50. TopBuild Corp. has a fifty-two week low of $295.19 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $4.69 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

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.