Los Angeles Capital Management LLC Sells 542 Shares of TopBuild Corp. (NYSE:BLD)

Los Angeles Capital Management LLC cut its stake in TopBuild Corp. (NYSE:BLD) by 28.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,337 shares of the construction company’s stock after selling 542 shares during the quarter. Los Angeles Capital Management LLC’s holdings in TopBuild were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Winch Advisory Services LLC purchased a new stake in TopBuild in the 4th quarter valued at $26,000. Versant Capital Management Inc grew its stake in shares of TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild in the third quarter valued at about $31,000. V Square Quantitative Management LLC lifted its position in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in TopBuild during the third quarter worth about $45,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Down 3.3 %

BLD stock opened at $296.24 on Tuesday. TopBuild Corp. has a fifty-two week low of $293.88 and a fifty-two week high of $495.68. The stock has a fifty day moving average of $325.69 and a 200-day moving average of $359.25. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.82 and a beta of 1.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping 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 firm had revenue of $1.31 billion during 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 company’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on BLD. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Truist Financial decreased their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Loop Capital cut their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus price target of $411.78.

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.