Quantinno Capital Management LP Boosts Stock Position in TopBuild Corp. (NYSE:BLD)

Quantinno Capital Management LP increased its position in shares of TopBuild Corp. (NYSE:BLD) by 122.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,123 shares of the construction company’s stock after acquiring an additional 3,920 shares during the period. Quantinno Capital Management LP’s holdings in TopBuild were worth $2,218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nomura Holdings Inc. acquired a new stake in shares of TopBuild during the fourth quarter worth about $1,211,000. Occudo Quantitative Strategies LP increased its stake in TopBuild by 307.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 2,589 shares of the construction company’s stock worth $806,000 after buying an additional 1,953 shares during the period. Millennium Management LLC lifted its holdings in TopBuild by 63.4% during the 4th quarter. Millennium Management LLC now owns 237,646 shares of the construction company’s stock worth $73,989,000 after buying an additional 92,187 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TopBuild by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 218,533 shares of the construction company’s stock valued at $68,038,000 after buying an additional 11,792 shares during the period. Finally, Interval Partners LP purchased a new position in TopBuild in the 4th quarter valued at approximately $53,424,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BLD. Stephens reduced their price objective on TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. DA Davidson cut their price target on TopBuild from $435.00 to $395.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price objective for the company. Finally, StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $380.22.

Insiders Place Their Bets

In related news, insider Steven P. Raia sold 1,738 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the sale, the insider now directly owns 7,007 shares of the company’s stock, valued at $2,179,036.86. This represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.43% of the company’s stock.

TopBuild Stock Performance

Shares of BLD opened at $290.78 on Wednesday. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $296.49 and a 200 day moving average price of $323.56.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business posted $4.81 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.