Robeco Institutional Asset Management B.V. Sells 3,187 Shares of TopBuild Corp. (NYSE:BLD)

Robeco Institutional Asset Management B.V. reduced its position in shares of TopBuild Corp. (NYSE:BLD) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 87,244 shares of the construction company’s stock after selling 3,187 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.30% of TopBuild worth $27,163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLD. FMR LLC lifted its position in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after purchasing an additional 161,743 shares during the last quarter. State Street Corp lifted its holdings in shares of TopBuild by 3.2% in the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after acquiring an additional 34,911 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of TopBuild by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after acquiring an additional 12,909 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in TopBuild during the third quarter worth approximately $114,220,000. Finally, Charles Schwab Investment Management Inc. increased its stake in TopBuild by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company’s stock worth $94,955,000 after acquiring an additional 5,982 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Jefferies Financial Group cut their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. The Goldman Sachs Group dropped their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, DA Davidson reduced their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus target price of $437.00.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $352.09 on Friday. The firm’s 50 day simple moving average is $344.51 and its 200-day simple moving average is $376.47. 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 Corp. has a one year low of $302.70 and a one year high of $495.68. The firm has a market cap of $10.39 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.08 and a beta of 1.84.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business posted $5.43 EPS. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

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.