Candriam S.C.A. Sells 17,035 Shares of TopBuild Corp. (NYSE:BLD)

Candriam S.C.A. trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD) by 63.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,869 shares of the construction company’s stock after selling 17,035 shares during the quarter. Candriam S.C.A.’s holdings in TopBuild were worth $3,073,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Inceptionr LLC increased its position in TopBuild by 129.2% during the fourth quarter. Inceptionr LLC now owns 3,323 shares of the construction company’s stock worth $1,035,000 after acquiring an additional 1,873 shares during the period. Raymond James Financial Inc. bought a new position in TopBuild in the 4th quarter valued at about $6,410,000. Proficio Capital Partners LLC bought a new position in TopBuild in the 4th quarter valued at about $5,913,000. Victory Capital Management Inc. increased its holdings in TopBuild by 116.9% in the 4th quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company’s stock valued at $29,442,000 after buying an additional 50,959 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in TopBuild by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company’s stock valued at $78,329,000 after buying an additional 18,174 shares during the period. 95.67% of the stock is owned by institutional investors.

TopBuild Trading Up 1.0 %

Shares of TopBuild stock opened at $308.51 on Friday. The firm’s 50 day moving average is $325.00 and its 200 day moving average is $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 1 year low of $288.31 and a 1 year high of $495.68. 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.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $4.69 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLD has been the topic of several recent analyst reports. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. The Goldman Sachs Group decreased their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Benchmark decreased their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Loop Capital decreased their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.