Montag A & Associates Inc. Trims Stock Holdings in TopBuild Corp. $BLD

Montag A & Associates Inc. decreased its position in TopBuild Corp. (NYSE:BLD) by 64.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,335 shares of the construction company’s stock after selling 2,445 shares during the period. Montag A & Associates Inc.’s holdings in TopBuild were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in TopBuild in the 3rd quarter worth $27,000. Root Financial Partners LLC purchased a new position in TopBuild in the 3rd quarter worth $34,000. First Horizon Corp raised its stake in 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 during the last quarter. V Square Quantitative Management LLC purchased a new position in TopBuild in the 4th quarter worth $43,000. Finally, Smithfield Trust Co raised its stake in shares of TopBuild by 58.6% during the 3rd quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock valued at $44,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD stock opened at $431.47 on Tuesday. The stock has a market cap of $12.14 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 5.51 and a beta of 1.85. The business has a 50-day simple moving average of $403.41 and a 200-day simple moving average of $436.74. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. TopBuild Corp. has a 52-week low of $273.87 and a 52-week high of $559.47.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm posted $5.13 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts expect that TopBuild Corp. will post 18.12 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BLD shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $496.00 price objective (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Wells Fargo & Company decreased their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. DA Davidson reissued a “buy” rating and issued a $465.00 price objective on shares of TopBuild in a report on Monday, April 20th. Finally, Benchmark decreased their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $447.21.

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.