Semanteon Capital Management LP Reduces Holdings in TopBuild Corp. (NYSE:BLD)

Semanteon Capital Management LP lowered its stake in shares of TopBuild Corp. (NYSE:BLD) by 58.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 911 shares of the construction company’s stock after selling 1,281 shares during the period. Semanteon Capital Management LP’s holdings in TopBuild were worth $284,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild during the 3rd quarter worth approximately $31,000. Winch Advisory Services LLC purchased a new position in shares of TopBuild during the 4th quarter worth approximately $26,000. Versant Capital Management Inc boosted its position in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the period. Quantbot Technologies LP purchased a new position in shares of TopBuild during the 3rd quarter worth approximately $45,000. Finally, V Square Quantitative Management LLC boosted its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD opened at $298.57 on Friday. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68. The firm’s fifty day simple moving average is $322.42 and its 200-day simple moving average is $351.17. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.82 and a beta of 1.89. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share 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 period last year, the business earned $4.69 EPS. The company’s revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BLD shares. Loop Capital lowered their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group reduced their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark reduced their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $403.88.

TopBuild Profile

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.