UniSuper Management Pty Ltd Sells 1,600 Shares of TopBuild Corp. (NYSE:BLD)

UniSuper Management Pty Ltd reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,085 shares of the construction company’s stock after selling 1,600 shares during the period. UniSuper Management Pty Ltd’s holdings in TopBuild were worth $4,074,000 at the end of the most recent reporting period.

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

TopBuild Stock Performance

NYSE:BLD opened at $305.95 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a 50-day simple moving average of $319.92 and a two-hundred day simple moving average of $349.32. The firm has a market capitalization of $8.95 billion, a PE ratio of 15.44, a P/E/G ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 52-week low of $288.31 and a 52-week high of $495.68.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. The Goldman Sachs Group decreased their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Loop Capital dropped 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. Benchmark lowered their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.