Boston Common Asset Management LLC Decreases Stock Holdings in TopBuild Corp. (NYSE:BLD)

Boston Common Asset Management LLC reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 37.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,633 shares of the construction company’s stock after selling 13,601 shares during the quarter. Boston Common Asset Management LLC’s holdings in TopBuild were worth $7,047,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in TopBuild in the third quarter valued at about $31,000. Winch Advisory Services LLC purchased a new stake in TopBuild in the fourth quarter valued at about $26,000. Versant Capital Management Inc raised its stake in TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after buying an additional 72 shares during the last quarter. Quantbot Technologies LP purchased a new stake in TopBuild in the third quarter valued at about $45,000. Finally, Kennebec Savings Bank purchased a new stake in TopBuild in the third quarter valued at about $45,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Up 0.2 %

TopBuild stock opened at $346.72 on Friday. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.84 and a beta of 1.84. TopBuild Corp. has a 52 week low of $302.70 and a 52 week high of $495.68. The business’s 50-day moving average price is $345.83 and its 200 day moving average price is $379.06. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $5.43 earnings per share. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current year.

Analysts Set New Price Targets

BLD has been the subject of a number of research analyst reports. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average price target of $437.00.

TopBuild Company 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.