Legal & General Group Plc Cuts Stake in TopBuild Corp. $BLD

Legal & General Group Plc decreased its holdings in TopBuild Corp. (NYSE:BLD) by 4.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,631 shares of the construction company’s stock after selling 1,874 shares during the period. Legal & General Group Plc’s holdings in TopBuild were worth $17,785,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BLD. Advisory Services Network LLC purchased a new stake in TopBuild during the 3rd quarter valued at $27,000. Global Retirement Partners LLC boosted its position in TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after buying an additional 59 shares during the period. First Horizon Corp boosted its position in TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 50 shares during the period. V Square Quantitative Management LLC purchased a new stake in TopBuild during the 4th quarter valued at $43,000. Finally, EverSource Wealth Advisors LLC boosted its position in TopBuild by 41.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 105 shares of the construction company’s stock valued at $44,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 1.2%

NYSE:BLD opened at $412.60 on Tuesday. The company has a 50-day moving average price of $402.73 and a 200-day moving average price of $434.30. TopBuild Corp. has a 12 month low of $273.87 and a 12 month high of $559.47. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 4.86 and a beta of 1.85.

TopBuild (NYSE:BLD) last posted its 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 analysts’ expectations of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the company posted $4.63 EPS. Equities analysts predict that TopBuild Corp. will post 18.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BLD. JPMorgan Chase & Co. reissued a “neutral” rating and set a $496.00 price target (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Royal Bank Of Canada increased their price target on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Benchmark dropped their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.