TopBuild Corp. (NYSE:BLD) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,551 shares of the construction company’s stock after selling 348 shares during the period. Ritholtz Wealth Management’s holdings in TopBuild were worth $483,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BLD. Vaughan Nelson Investment Management L.P. purchased a new position in shares of TopBuild during the third quarter worth $114,220,000. FMR LLC grew its position in TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after purchasing an additional 161,743 shares during the period. Jennison Associates LLC raised its stake in shares of TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock valued at $46,389,000 after buying an additional 110,143 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of TopBuild in the 3rd quarter valued at about $41,981,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after buying an additional 48,562 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Up 0.2 %

Shares of NYSE BLD opened at $346.72 on Tuesday. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.84 and a beta of 1.84. The company’s 50-day simple moving average is $345.35 and its 200-day simple moving average is $378.86. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 52-week low of $302.70 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last posted 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. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $5.43 EPS. Equities analysts predict that TopBuild Corp. will post 20.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLD has been the subject of a number of analyst reports. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group decreased their target price 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. Jefferies Financial Group dropped their price target 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. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and cut their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Finally, Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $437.00.

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.