UniSuper Management Pty Ltd Trims Stock Position in TopBuild Corp. (NYSE:BLD)

UniSuper Management Pty Ltd reduced its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 10.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,085 shares of the construction company's stock after selling 1,600 shares during the quarter. UniSuper Management Pty Ltd's holdings in TopBuild were worth $4,074,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BLD. FMR LLC boosted its position in TopBuild by 9.7% in the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock valued at $744,663,000 after buying an additional 161,743 shares during the period. State Street Corp boosted its holdings in shares of TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company's stock valued at $455,639,000 after purchasing an additional 34,911 shares during the period. Geode Capital Management LLC grew its stake in TopBuild by 2.1% in the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company's stock worth $255,526,000 after purchasing an additional 12,909 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in TopBuild by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock worth $91,076,000 after purchasing an additional 11,762 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in TopBuild by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company's stock valued at $78,329,000 after purchasing an additional 18,174 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

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TopBuild Stock Down 0.1 %

Shares of BLD traded down $0.16 during midday trading on Monday, hitting $305.47. 321,657 shares of the company's stock traded hands, compared to its average volume of 309,602. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 1 year low of $288.31 and a 1 year high of $495.68. The firm's fifty day moving average is $319.92 and its 200-day moving average is $349.12.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts' consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same period last year, the business posted $4.69 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Seaport Res Ptn lowered shares of TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. The Goldman Sachs Group lowered their price target on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Evercore ISI lowered 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, StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, TopBuild presently has an average rating of "Moderate Buy" and a consensus target price of $403.88.

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.