Gotham Asset Management LLC Trims Holdings in TopBuild Corp (BLD)

Gotham Asset Management LLC reduced its holdings in shares of TopBuild Corp (NYSE:BLD) by 21.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 84,778 shares of the construction company’s stock after selling 23,142 shares during the period. Gotham Asset Management LLC’s holdings in TopBuild were worth $6,421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TopBuild by 53.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock valued at $155,000 after buying an additional 719 shares during the last quarter. Profund Advisors LLC boosted its position in shares of TopBuild by 17.4% in the fourth quarter. Profund Advisors LLC now owns 5,364 shares of the construction company’s stock worth $406,000 after purchasing an additional 796 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of TopBuild by 6.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 900 shares during the period. Meadow Creek Investment Management LLC boosted its position in shares of TopBuild by 31.3% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,784 shares of the construction company’s stock worth $287,000 after purchasing an additional 902 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in shares of TopBuild by 99.6% in the fourth quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock worth $176,000 after purchasing an additional 1,152 shares during the period. 94.66% of the stock is owned by institutional investors and hedge funds.

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TopBuild stock opened at $77.55 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.08. TopBuild Corp has a 12-month low of $44.82 and a 12-month high of $82.26. The firm has a market cap of $2,756.13, a P/E ratio of 27.70 and a beta of 0.68.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 27th. The construction company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.03. TopBuild had a net margin of 8.30% and a return on equity of 10.65%. The firm had revenue of $501.40 million during the quarter, compared to analyst estimates of $491.80 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. TopBuild’s revenue for the quarter was up 12.9% on a year-over-year basis. sell-side analysts anticipate that TopBuild Corp will post 4.01 EPS for the current year.

In related news, CFO John S. Peterson sold 6,932 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $75.36, for a total transaction of $522,395.52. Following the completion of the transaction, the chief financial officer now owns 34,943 shares in the company, valued at $2,633,304.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Buck sold 23,112 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $74.12, for a total transaction of $1,713,061.44. Following the transaction, the insider now owns 73,917 shares of the company’s stock, valued at approximately $5,478,728.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,271 shares of company stock valued at $2,405,043. 1.30% of the stock is owned by company insiders.

A number of research firms have weighed in on BLD. Zacks Investment Research lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Nomura upgraded shares of TopBuild from a “neutral” rating to a “buy” rating and upped their price target for the stock from $69.00 to $78.00 in a research report on Monday, December 18th. SunTrust Banks upped their price target on shares of TopBuild to $82.00 and gave the stock a “reduce” rating in a research report on Wednesday, February 28th. ValuEngine upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Jefferies Group began coverage on shares of TopBuild in a research report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. TopBuild has a consensus rating of “Buy” and a consensus target price of $76.00.

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About TopBuild

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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