Brandywine Global Investment Management LLC Sells 8,686 Shares of TopBuild Corp. $BLD

Brandywine Global Investment Management LLC decreased its position in TopBuild Corp. (NYSE:BLD) by 30.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,652 shares of the construction company’s stock after selling 8,686 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in TopBuild were worth $8,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Core Wealth Advisors LLC bought a new stake in shares of TopBuild during the 4th quarter valued at $26,000. Advisory Services Network LLC bought a new position in shares of TopBuild in the 3rd quarter worth about $27,000. Parallel Advisors LLC increased its stake in shares of TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after acquiring an additional 25 shares in the last quarter. Global Retirement Partners LLC lifted its position in TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after acquiring an additional 59 shares during the period. Finally, First Horizon Corp boosted its stake in TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BLD. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Loop Capital cut TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target on the stock. in a research report on Wednesday, May 6th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. UBS Group set a $440.00 target price on TopBuild in a report on Wednesday, May 6th. Finally, Zacks Research upgraded TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $466.77.

TopBuild Stock Performance

Shares of BLD opened at $409.67 on Wednesday. TopBuild Corp. has a 12 month low of $293.14 and a 12 month high of $559.47. The business’s fifty day simple moving average is $409.52 and its two-hundred day simple moving average is $433.76. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 5.38 and a beta of 1.80.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the company posted $4.63 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

TopBuild Company Profile

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.