Gateway Investment Advisers LLC Sells 9,399 Shares of TopBuild Corp. $BLD

Gateway Investment Advisers LLC reduced its holdings in TopBuild Corp. (NYSE:BLD) by 59.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,336 shares of the construction company’s stock after selling 9,399 shares during the quarter. Gateway Investment Advisers LLC’s holdings in TopBuild were worth $2,643,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BLD. Orion Porfolio Solutions LLC grew its stake in TopBuild by 7,961.7% in the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after acquiring an additional 390,838 shares during the period. Westfield Capital Management Co. LP acquired a new stake in TopBuild in the third quarter valued at approximately $87,955,000. Nordea Investment Management AB grew its stake in TopBuild by 228.6% in the third quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock valued at $107,873,000 after acquiring an additional 193,969 shares during the period. Bank of America Corp DE grew its stake in TopBuild by 14.8% in the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after acquiring an additional 109,572 shares during the period. Finally, UBS Group AG grew its stake in TopBuild by 51.9% in the third quarter. UBS Group AG now owns 246,889 shares of the construction company’s stock valued at $96,499,000 after acquiring an additional 84,307 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. Wells Fargo & Company reduced their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. UBS Group set a $440.00 price objective on TopBuild in a research note on Wednesday. Finally, Royal Bank Of Canada raised their price objective on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $466.77.

TopBuild Stock Down 0.1%

BLD stock opened at $427.47 on Friday. The stock’s fifty day simple moving average is $398.65 and its two-hundred day simple moving average is $436.63. The company has a current ratio of 2.00, a quick ratio of 1.34 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 1-year low of $273.87 and a 1-year high of $559.47. The stock has a market cap of $12.03 billion, a P/E ratio of 24.02, a P/E/G ratio of 4.98 and a beta of 1.85.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.63 earnings per share. Analysts expect that TopBuild Corp. will post 18.14 EPS for the current year.

About TopBuild

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.