Kennedy Capital Management LLC Cuts Stake in TopBuild Corp. $BLD

Kennedy Capital Management LLC cut its stake in TopBuild Corp. (NYSE:BLD) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,344 shares of the construction company’s stock after selling 7,613 shares during the period. TopBuild makes up 0.5% of Kennedy Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Kennedy Capital Management LLC owned about 0.22% of TopBuild worth $24,368,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BLD. Root Financial Partners LLC acquired a new position in shares of TopBuild in the 3rd quarter valued at $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of TopBuild in the 2nd quarter worth $35,000. MAI Capital Management boosted its holdings in TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. SJS Investment Consulting Inc. grew its position in TopBuild by 3,433.3% during the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after acquiring an additional 103 shares during the period. Finally, Smithfield Trust Co increased its stake in TopBuild by 58.6% during the third quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock worth $44,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Up 0.5%

NYSE:BLD traded up $1.79 during trading hours on Friday, hitting $366.62. The stock had a trading volume of 24,910 shares, compared to its average volume of 329,473. The business has a 50 day simple moving average of $475.40 and a two-hundred day simple moving average of $442.43. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $559.47. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The company has a market cap of $10.32 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 4.66 and a beta of 1.72.

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

Analyst Ratings Changes

BLD has been the topic of a number of research reports. DA Davidson restated a “buy” rating and issued a $485.00 price objective on shares of TopBuild in a report on Wednesday, December 10th. Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Wells Fargo & Company decreased their price objective on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Benchmark dropped their price objective 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, 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $439.26.

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.