Quantinno Capital Management LP Lowers Stake in TopBuild Corp. $BLD

Quantinno Capital Management LP cut its position in shares of TopBuild Corp. (NYSE:BLD) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,535 shares of the construction company’s stock after selling 5,191 shares during the quarter. Quantinno Capital Management LP’s holdings in TopBuild were worth $24,428,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of TopBuild by 464.5% in the 4th quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock valued at $324,434,000 after purchasing an additional 639,915 shares in the last quarter. Capital International Investors increased its position in TopBuild by 71.1% during the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after purchasing an additional 630,857 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares in the last quarter. Norges Bank purchased a new position in TopBuild in the fourth quarter valued at approximately $104,947,000. Finally, Artisan Partners Limited Partnership purchased a new position in TopBuild in the fourth quarter valued at approximately $101,450,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. DA Davidson reissued a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Finally, Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $465.00.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $354.53 on Friday. The company has a market cap of $9.94 billion, a P/E ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. TopBuild Corp. has a one year low of $321.67 and a one year high of $559.47. The business’s 50-day simple moving average is $383.73 and its 200 day simple moving average is $417.93.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.TopBuild’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.63 EPS. On average, sell-side analysts forecast that TopBuild Corp. will post 18.07 earnings per share for the current fiscal year.

About TopBuild

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.