Quantbot Technologies LP Buys Shares of 1,633 TopBuild Corp. $BLD

Quantbot Technologies LP bought a new stake in shares of TopBuild Corp. (NYSE:BLD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,633 shares of the construction company’s stock, valued at approximately $638,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in TopBuild during the 3rd quarter valued at approximately $598,000. Handelsbanken Fonder AB increased its position in TopBuild by 15.7% in the third quarter. Handelsbanken Fonder AB now owns 8,837 shares of the construction company’s stock worth $3,454,000 after buying an additional 1,200 shares during the period. Forge First Asset Management Inc. bought a new stake in TopBuild in the third quarter valued at $5,251,000. R Squared Ltd bought a new stake in TopBuild in the third quarter valued at $369,000. Finally, Xponance Inc. boosted its holdings in shares of TopBuild by 0.8% during the third quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock valued at $1,371,000 after acquiring an additional 27 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLD has been the subject of several recent research reports. Zacks Research lowered shares of TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Benchmark reduced their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Wells Fargo & Company dropped their price target on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Finally, DA Davidson reaffirmed a “buy” rating and set a $485.00 price target on shares of TopBuild in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $439.26.

TopBuild Trading Down 4.9%

NYSE:BLD opened at $388.11 on Monday. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 4.75 and a beta of 1.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $559.47. The business has a fifty day moving average of $478.86 and a 200-day moving average of $443.97.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.39 by $0.11. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $5.13 earnings per share. Equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

TopBuild Profile

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.