Artemis Investment Management LLP Sells 2,684 Shares of TopBuild Corp. (NYSE:BLD)

Artemis Investment Management LLP lowered its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,416 shares of the construction company's stock after selling 2,684 shares during the quarter. Artemis Investment Management LLP owned 0.16% of TopBuild worth $20,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of TopBuild by 53.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company's stock valued at $140,993,000 after purchasing an additional 130,563 shares during the last quarter. Liontrust Investment Partners LLP increased its stake in TopBuild by 21.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock valued at $127,929,000 after buying an additional 57,880 shares during the last quarter. Forge First Asset Management Inc. bought a new position in shares of TopBuild during the 1st quarter worth approximately $16,158,000. Distillate Capital Partners LLC purchased a new position in shares of TopBuild in the 2nd quarter worth approximately $13,832,000. Finally, Vident Advisory LLC bought a new position in shares of TopBuild in the first quarter valued at approximately $13,707,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI cut their price objective on TopBuild from $555.00 to $489.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Stephens reduced their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. DA Davidson decreased their price objective on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a report on Friday, August 9th. Truist Financial dropped their target price on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Finally, StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $446.67.

TopBuild Stock Performance

Shares of BLD stock traded up $5.60 during trading on Wednesday, reaching $392.25. 220,330 shares of the company's stock traded hands, compared to its average volume of 288,351. TopBuild Corp. has a 1 year low of $217.08 and a 1 year high of $495.68. The company has a market capitalization of $12.48 billion, a P/E ratio of 19.77, a PEG ratio of 2.53 and a beta of 1.77. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The firm's 50-day moving average is $390.26 and its 200 day moving average is $405.80.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the prior year, the company earned $5.25 EPS. The company's revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that TopBuild Corp. will post 21.18 EPS for the current year.

About TopBuild

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.