Natixis Advisors LLC Lowers Position in TopBuild Corp. $BLD

Natixis Advisors LLC decreased its stake in TopBuild Corp. (NYSE:BLD) by 30.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,678 shares of the construction company’s stock after selling 39,797 shares during the quarter. Natixis Advisors LLC’s holdings in TopBuild were worth $35,833,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of TopBuild by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after buying an additional 109,572 shares in the last quarter. Boston Partners increased its holdings in TopBuild by 102.2% in the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after acquiring an additional 391,299 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in TopBuild by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 496,055 shares of the construction company’s stock worth $193,891,000 after acquiring an additional 2,951 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after acquiring an additional 390,838 shares during the period. Finally, Liontrust Investment Partners LLP raised its stake in TopBuild by 24.8% during the 2nd quarter. Liontrust Investment Partners LLP now owns 376,396 shares of the construction company’s stock worth $121,854,000 after acquiring an additional 74,695 shares during the period. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on BLD. Royal Bank Of Canada upped their price target on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Jefferies Financial Group lifted their target price on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Wells Fargo & Company cut their price target on TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Zacks Research cut TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $439.26.

TopBuild Trading Down 0.7%

BLD stock opened at $384.22 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $559.47. The business has a 50 day simple moving average of $477.22 and a two-hundred day simple moving average of $443.41. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 4.74 and a beta of 1.72.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business posted $5.13 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild Company Profile

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.