TopBuild Corp. $BLD Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 74.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,559 shares of the construction company’s stock after selling 10,557 shares during the quarter. Intech Investment Management LLC’s holdings in TopBuild were worth $1,391,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of TopBuild by 48.2% during the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after acquiring an additional 837 shares during the last quarter. Envestnet Asset Management Inc. grew its position in TopBuild by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,036 shares of the construction company’s stock worth $11,342,000 after purchasing an additional 2,094 shares during the last quarter. Bank of Montreal Can increased its stake in TopBuild by 6.2% during the 2nd quarter. Bank of Montreal Can now owns 5,397 shares of the construction company’s stock valued at $1,747,000 after purchasing an additional 316 shares in the last quarter. Penserra Capital Management LLC increased its stake in TopBuild by 7.7% during the 2nd quarter. Penserra Capital Management LLC now owns 866 shares of the construction company’s stock valued at $280,000 after purchasing an additional 62 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new position in shares of TopBuild in the second quarter worth $97,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Down 4.9%

Shares of TopBuild stock opened at $388.11 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34. The firm has a fifty day moving average price of $478.86 and a 200 day moving average price of $443.73. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $559.47. The stock has a market cap of $10.92 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 4.91 and a beta of 1.72.

TopBuild (NYSE:BLD) last posted its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.39 by $0.11. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $5.13 earnings per share. Equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BLD shares. Jefferies Financial Group upped their target price on TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Wells Fargo & Company dropped their price target on TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Benchmark cut their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Zacks Research cut TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, DA Davidson reaffirmed a “buy” rating and set a $485.00 target price on shares of TopBuild in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $439.26.

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.