Virtu Financial LLC Has $854,000 Position in TopBuild Corp. $BLD

Virtu Financial LLC cut its stake in TopBuild Corp. (NYSE:BLD) by 58.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,046 shares of the construction company’s stock after selling 2,934 shares during the quarter. Virtu Financial LLC’s holdings in TopBuild were worth $854,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BLD. Greenleaf Trust grew its stake in TopBuild by 1.8% in the 4th 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 lifted 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. lifted 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. Parallel Advisors LLC boosted its holdings in shares of TopBuild by 50.0% during the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after acquiring an additional 25 shares during the period. Finally, Xponance Inc. boosted its holdings in shares of TopBuild by 0.8% during the third quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock worth $1,371,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

BLD has been the topic of several research reports. Benchmark decreased their target price on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Royal Bank Of Canada boosted their price target on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $496.00 price objective (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $466.77.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $425.72 on Monday. TopBuild Corp. has a 12-month low of $300.27 and a 12-month high of $559.47. The company’s 50 day moving average price is $418.29 and its two-hundred day moving average price is $432.19. The firm has a market cap of $11.93 billion, a PE ratio of 23.92, a PEG ratio of 5.75 and a beta of 1.80. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.11. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $4.63 earnings per share. Equities research analysts predict that TopBuild Corp. will post 18.16 earnings per share 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.