Pitcairn Co. Has $451,000 Stake in TopBuild Corp. $BLD

Pitcairn Co. lowered its stake in TopBuild Corp. (NYSE:BLD) by 56.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,154 shares of the construction company’s stock after selling 1,520 shares during the period. Pitcairn Co.’s holdings in TopBuild were worth $451,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of TopBuild by 48.2% in the 1st quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock valued at $774,000 after buying an additional 837 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of TopBuild by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 35,036 shares of the construction company’s stock valued at $11,342,000 after acquiring an additional 2,094 shares during the period. Bank of Montreal Can boosted its holdings in TopBuild by 6.2% in the second quarter. Bank of Montreal Can now owns 5,397 shares of the construction company’s stock valued at $1,747,000 after acquiring an additional 316 shares during the last quarter. Penserra Capital Management LLC increased its position in TopBuild by 7.7% in the second quarter. Penserra Capital Management LLC now owns 866 shares of the construction company’s stock worth $280,000 after purchasing an additional 62 shares during the period. Finally, Paradigm Asset Management Co. LLC acquired a new stake in TopBuild in the second quarter worth about $97,000. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on BLD. Wells Fargo & Company cut their target price on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Zacks Research cut shares of TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Benchmark dropped their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Finally, Jefferies Financial Group lifted their target price on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $439.26.

TopBuild Stock Down 4.9%

Shares of NYSE:BLD opened at $388.11 on Monday. The company has a 50 day moving average price of $478.86 and a two-hundred day moving average price of $443.97. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. The company has a market capitalization of $10.92 billion, a PE ratio of 21.21, a PEG ratio of 4.75 and a beta of 1.72. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $559.47.

TopBuild (NYSE:BLD) last announced its quarterly earnings results 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 net margin of 9.65% and a return on equity of 25.66%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business earned $5.13 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. Analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current 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.