Liontrust Investment Partners LLP Lowers Holdings in TopBuild Corp. $BLD

Liontrust Investment Partners LLP trimmed its stake in shares of TopBuild Corp. (NYSE:BLD) by 8.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 189,793 shares of the construction company’s stock after selling 17,653 shares during the period. Liontrust Investment Partners LLP’s holdings in TopBuild were worth $66,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Border to Coast Pensions Partnership Ltd bought a new position in shares of TopBuild in the fourth quarter valued at approximately $4,919,000. Emissary Wealth LLC bought a new stake in shares of TopBuild during the 4th quarter worth $1,109,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TopBuild by 3,781.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,558 shares of the construction company’s stock worth $4,405,000 after buying an additional 10,286 shares during the period. Tudor Investment Corp ET AL grew its stake in TopBuild by 1,058.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 9,265 shares of the construction company’s stock valued at $3,621,000 after buying an additional 8,465 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TopBuild by 16.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,766 shares of the construction company’s stock valued at $6,577,000 after buying an additional 2,200 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Performance

Shares of BLD stock opened at $354.53 on Friday. TopBuild Corp. has a 1 year low of $321.67 and a 1 year high of $559.47. The firm’s fifty day simple moving average is $384.80 and its 200 day simple moving average is $418.37. The firm has a market capitalization of $9.94 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the company earned $4.63 EPS. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, sell-side analysts predict that TopBuild Corp. will post 18.07 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on BLD shares. DA Davidson reissued a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Wells Fargo & Company lowered their price target on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. UBS Group set a $440.00 price objective on TopBuild in a research note on Wednesday, May 6th. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, TopBuild presently has an average rating of “Hold” and a consensus price target of $465.00.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.