Candriam S.C.A. Has $3.07 Million Stake in TopBuild Corp. (NYSE:BLD)

Candriam S.C.A. lowered its position in TopBuild Corp. (NYSE:BLD) by 63.3% during the fourth quarter, Holdings Channel reports. The firm owned 9,869 shares of the construction company’s stock after selling 17,035 shares during the period. Candriam S.C.A.’s holdings in TopBuild were worth $3,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its position in shares of TopBuild by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock worth $374,000 after purchasing an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC lifted its position in shares of TopBuild by 0.6% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $2,181,000 after purchasing an additional 33 shares during the period. Atlanta Consulting Group Advisors LLC lifted its position in shares of TopBuild by 1.5% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock worth $1,098,000 after purchasing an additional 39 shares during the period. Pathstone Holdings LLC lifted its position in shares of TopBuild by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock worth $1,712,000 after purchasing an additional 41 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD stock opened at $308.51 on Friday. The firm has a market capitalization of $9.02 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The firm has a fifty day simple moving average of $325.00 and a two-hundred day simple moving average of $357.32. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 12 month low of $288.31 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business posted $4.69 EPS. TopBuild’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Loop Capital lowered their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, Benchmark lowered their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $411.78.

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.