Liontrust Investment Partners LLP Reduces Stock Holdings in TopBuild Corp. $BLD

Liontrust Investment Partners LLP reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 8.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,793 shares of the construction company’s stock after selling 17,653 shares during the period. Liontrust Investment Partners LLP owned approximately 0.67% of TopBuild worth $66,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLD. Greenleaf Trust increased its holdings in shares of TopBuild by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after acquiring an additional 22 shares in the last quarter. Root Financial Partners LLC boosted its stake in TopBuild by 25.3% in the 4th quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock worth $45,000 after purchasing an additional 22 shares in the last quarter. UMB Bank n.a. grew its position in TopBuild by 6.1% during the 4th quarter. UMB Bank n.a. now owns 384 shares of the construction company’s stock worth $160,000 after purchasing an additional 22 shares during the last quarter. Bessemer Group Inc. grew its position in TopBuild by 7.9% during the 1st quarter. Bessemer Group Inc. now owns 328 shares of the construction company’s stock worth $115,000 after purchasing an additional 24 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after purchasing an additional 25 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BLD shares. Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a report on Wednesday, May 6th. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. 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 report on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. Finally, Wells Fargo & Company lowered their price target on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $465.00.

TopBuild Price Performance

Shares of NYSE:BLD opened at $354.53 on Friday. TopBuild Corp. has a twelve month low of $321.67 and a twelve month high of $559.47. The company’s 50 day moving average is $384.80 and its 200 day moving average is $418.37. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The company has a market cap of $9.94 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80.

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

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.