Quantinno Capital Management LP Boosts Position in TopBuild Corp. (NYSE:BLD)

Quantinno Capital Management LP raised its stake in shares of TopBuild Corp. (NYSE:BLD) by 10.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,203 shares of the construction company’s stock after purchasing an additional 313 shares during the period. Quantinno Capital Management LP’s holdings in TopBuild were worth $1,303,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BLD. FMR LLC grew its stake in TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after purchasing an additional 161,743 shares in the last quarter. Liontrust Investment Partners LLP boosted its holdings in TopBuild by 21.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after buying an additional 57,880 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of TopBuild during the 3rd quarter worth approximately $114,220,000. Bank of New York Mellon Corp raised its position in shares of TopBuild by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock valued at $100,927,000 after buying an additional 2,133 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in TopBuild by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company’s stock valued at $94,955,000 after purchasing an additional 5,982 shares during the period. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Down 2.6 %

BLD stock opened at $356.81 on Friday. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.79. The company’s 50 day moving average is $376.31 and its 200 day moving average is $393.57. 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 $317.72 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $5.43 earnings per share. Sell-side analysts predict that TopBuild Corp. will post 20.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Evercore ISI dropped their price objective on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. DA Davidson lowered their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Jefferies Financial Group cut their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

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.