Artemis Investment Management LLP Lowers Position in TopBuild Corp. (NYSE:BLD)

Artemis Investment Management LLP lessened its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,111 shares of the construction company's stock after selling 4,305 shares during the quarter. Artemis Investment Management LLP owned 0.16% of TopBuild worth $14,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild in the third quarter valued at about $31,000. Winch Advisory Services LLC purchased a new position in shares of TopBuild during the fourth quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in shares of TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Quantbot Technologies LP bought a new stake in TopBuild in the third quarter valued at $45,000. Finally, Kennebec Savings Bank bought a new stake in TopBuild in the third quarter valued at $45,000. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of research reports. Seaport Res Ptn lowered shares of TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Jefferies Financial Group dropped their price objective on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. 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. Finally, Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and dropped their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $437.00.

TopBuild Stock Up 0.2 %

BLD stock traded up $0.86 during midday trading on Monday, hitting $346.72. The company's stock had a trading volume of 210,749 shares, compared to its average volume of 285,998. The firm's 50-day moving average is $345.83 and its 200-day moving average is $379.09. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 12 month low of $302.70 and a 12 month high of $495.68. The company has a market cap of $10.23 billion, a PE ratio of 17.49, a P/E/G ratio of 1.84 and a beta of 1.84.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.43 EPS. On average, equities research analysts forecast that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

TopBuild Company 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.