Horizon Investments LLC Sells 3,426 Shares of TopBuild Corp. $BLD

Horizon Investments LLC lessened its stake in shares of TopBuild Corp. (NYSE:BLD) by 91.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 309 shares of the construction company’s stock after selling 3,426 shares during the period. Horizon Investments LLC’s holdings in TopBuild were worth $129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its position in TopBuild by 1.8% during the 3rd quarter. Capital Research Global Investors now owns 3,496,884 shares of the construction company’s stock valued at $1,366,806,000 after buying an additional 62,690 shares in the last quarter. Capital World Investors increased its position in TopBuild by 1.8% during the 3rd quarter. Capital World Investors now owns 864,574 shares of the construction company’s stock valued at $337,927,000 after buying an additional 15,009 shares in the last quarter. Bank of America Corp DE increased its position in TopBuild by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after buying an additional 109,572 shares in the last quarter. Boston Partners increased its position in TopBuild by 1.0% during the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock valued at $305,662,000 after buying an additional 7,400 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its position in TopBuild by 7.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 697,047 shares of the construction company’s stock valued at $290,811,000 after buying an additional 50,762 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

NYSE BLD opened at $427.47 on Monday. The company has a market capitalization of $12.03 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 4.98 and a beta of 1.85. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The business’s fifty day moving average is $398.65 and its 200 day moving average is $436.63. TopBuild Corp. has a fifty-two week low of $273.87 and a fifty-two week high of $559.47.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.11. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.TopBuild’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.63 earnings per share. Sell-side analysts predict that TopBuild Corp. will post 18.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLD has been the topic of several recent analyst reports. Weiss Ratings downgraded TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. DA Davidson reiterated a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their target price on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. UBS Group set a $440.00 target price on TopBuild in a research note on Wednesday. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $466.77.

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.