Boston Trust Walden Corp Decreases Stake in TopBuild Corp. $BLD

Boston Trust Walden Corp lessened its holdings in shares of TopBuild Corp. (NYSE:BLD) by 22.2% in the first quarter, Holdings Channel reports. The firm owned 114,957 shares of the construction company’s stock after selling 32,742 shares during the period. Boston Trust Walden Corp’s holdings in TopBuild were worth $40,384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH increased its position in shares of TopBuild by 39.5% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 63,595 shares of the construction company’s stock worth $22,341,000 after acquiring an additional 18,020 shares during the last quarter. Border to Coast Pensions Partnership Ltd raised its holdings in TopBuild by 534.9% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 74,723 shares of the construction company’s stock valued at $26,331,000 after acquiring an additional 62,954 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in TopBuild in the first quarter valued at $2,846,000. Silver Oak Securities Incorporated boosted its stake in TopBuild by 25.6% during the 1st quarter. Silver Oak Securities Incorporated now owns 957 shares of the construction company’s stock valued at $336,000 after acquiring an additional 195 shares during the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of TopBuild during the 1st quarter valued at approximately $200,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

BLD has been the topic of a number of recent research reports. Loop Capital cut TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price on the stock. in a research note on Wednesday, May 6th. UBS Group set a $440.00 price target on shares of TopBuild in a research report on Wednesday, May 6th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Wells Fargo & Company cut their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, DA Davidson reissued 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. One equities research 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $460.00.

TopBuild Price Performance

BLD opened at $354.53 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. The company has a market capitalization of $9.94 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80. TopBuild Corp. has a fifty-two week low of $321.67 and a fifty-two week high of $559.47. The business has a 50-day moving average of $412.06 and a 200-day moving average of $428.58.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.63 earnings per share. Equities research analysts forecast that TopBuild Corp. will post 18.07 EPS for the current fiscal 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.