Natixis Advisors LLC Trims Stock Holdings in TopBuild Corp. (NYSE:BLD)

Natixis Advisors LLC reduced its stake in TopBuild Corp. (NYSE:BLD) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,894 shares of the construction company’s stock after selling 15,301 shares during the period. Natixis Advisors LLC owned approximately 0.30% of TopBuild worth $27,365,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Winch Advisory Services LLC bought a new position in TopBuild in the 4th quarter worth about $26,000. Versant Capital Management Inc boosted its position in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after acquiring an additional 72 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in TopBuild during the third quarter valued at approximately $31,000. V Square Quantitative Management LLC increased its holdings in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after acquiring an additional 42 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in TopBuild in the 3rd quarter worth approximately $45,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Up 0.7 %

Shares of NYSE BLD opened at $301.41 on Tuesday. The stock has a market capitalization of $8.81 billion, a P/E ratio of 15.21, a PEG ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68. The firm’s 50 day simple moving average is $323.52 and its two-hundred day simple moving average is $353.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.69 EPS. As a group, analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analysts Set New Price Targets

BLD has been the topic of several research analyst reports. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Benchmark dropped their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Loop Capital decreased their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $403.88.

TopBuild Profile

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.