Kennedy Capital Management LLC Sells 6,048 Shares of TopBuild Corp. $BLD

by · The Cerbat Gem

Kennedy Capital Management LLC cut its position in TopBuild Corp. (NYSE:BLD – Free Report) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,296 shares of the construction company’s stock after selling 6,048 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.20% of TopBuild worth $23,486,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Greenleaf Trust increased its holdings in shares of TopBuild by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after acquiring an additional 22 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of TopBuild by 25.3% during the fourth quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock valued at $45,000 after acquiring an additional 22 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of TopBuild by 6.1% during the fourth quarter. UMB Bank n.a. now owns 384 shares of the construction company’s stock valued at $160,000 after acquiring an additional 22 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of TopBuild by 50.0% during the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after acquiring an additional 25 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of TopBuild by 0.8% during the third quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock valued at $1,371,000 after acquiring an additional 27 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Up 0.3%

TopBuild stock opened at $411.27 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 12 month low of $293.14 and a 12 month high of $559.47. The stock’s 50 day simple moving average is $412.67 and its two-hundred day simple moving average is $433.36. The firm has a market cap of $11.53 billion, a PE ratio of 23.11, a P/E/G ratio of 5.54 and a beta of 1.80.

TopBuild (NYSE:BLD – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the firm posted $4.63 EPS. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that TopBuild Corp. will post 18.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BLD shares. Wells Fargo & Company cut their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a report on Tuesday. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Royal Bank Of Canada upped their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Finally, Loop Capital downgraded shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective on the stock. in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $466.77.

View Our Latest Stock Analysis on TopBuild

TopBuild Profile

(Free Report)

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.

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