TopBuild Corp. $BLD Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP trimmed its position in TopBuild Corp. (NYSE:BLD) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,535 shares of the construction company’s stock after selling 5,191 shares during the period. Quantinno Capital Management LP owned about 0.25% of TopBuild worth $24,428,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BLD. Greenleaf Trust raised its position in shares of TopBuild by 1.8% in the fourth quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after buying an additional 22 shares during the last quarter. Root Financial Partners LLC boosted its position in TopBuild by 25.3% during the fourth quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock worth $45,000 after acquiring an additional 22 shares during the last quarter. UMB Bank n.a. boosted its position in TopBuild by 6.1% during the fourth quarter. UMB Bank n.a. now owns 384 shares of the construction company’s stock worth $160,000 after acquiring an additional 22 shares during the last quarter. Bessemer Group Inc. boosted its position in TopBuild by 7.9% during the first quarter. Bessemer Group Inc. now owns 328 shares of the construction company’s stock worth $115,000 after acquiring an additional 24 shares during the last quarter. Finally, Kera Capital Partners Inc. grew its stake in TopBuild by 3.3% in the 1st quarter. Kera Capital Partners Inc. now owns 789 shares of the construction company’s stock worth $277,000 after acquiring an additional 25 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BLD shares. Evercore set a $360.00 price target on TopBuild in a report on Monday, June 29th. Wells Fargo & Company decreased their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. Finally, DA Davidson reiterated a “neutral” rating and issued a $437.00 target price (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TopBuild has a consensus rating of “Hold” and an average price target of $465.00.

TopBuild Price Performance

BLD 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 company’s 50 day simple moving average is $383.73 and its 200 day simple moving average is $417.93. The stock has a market capitalization of $9.94 billion, a PE ratio of 19.92, a P/E/G ratio of 4.80 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00.

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

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.