Los Angeles Capital Management LLC Lowers Position in TopBuild Corp. (NYSE:BLD)

Los Angeles Capital Management LLC lessened its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 91.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,879 shares of the construction company's stock after selling 20,849 shares during the quarter. Los Angeles Capital Management LLC's holdings in TopBuild were worth $764,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in TopBuild in the 2nd quarter valued at about $30,000. Allspring Global Investments Holdings LLC acquired a new position in shares of TopBuild in the 1st quarter worth approximately $31,000. UMB Bank n.a. boosted its position in shares of TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after purchasing an additional 62 shares during the period. Headlands Technologies LLC acquired a new stake in shares of TopBuild in the first quarter valued at $56,000. Finally, Blue Trust Inc. raised its holdings in shares of TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock valued at $113,000 after buying an additional 63 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BLD. Evercore ISI lowered their target price on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Truist Financial lowered their price objective on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group lowered their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $440.44.

TopBuild Stock Performance

NYSE BLD traded down $16.18 on Friday, reaching $347.04. The stock had a trading volume of 405,194 shares, compared to its average volume of 287,931. The stock has a market cap of $10.24 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 2.26 and a beta of 1.79. TopBuild Corp. has a 12-month low of $290.00 and a 12-month high of $495.68. The business's 50-day moving average price is $383.49 and its 200 day moving average price is $397.84. 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 (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.43 EPS. As a group, equities analysts expect that TopBuild Corp. will post 21 earnings per share 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.