Massachusetts Financial Services Co. MA Lowers Stock Position in TopBuild Corp. $BLD

Massachusetts Financial Services Co. MA cut its stake in shares of TopBuild Corp. (NYSE:BLD) by 25.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 85,840 shares of the construction company’s stock after selling 30,021 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in TopBuild were worth $35,812,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of TopBuild during the 3rd quarter valued at $27,000. Root Financial Partners LLC purchased a new stake in shares of TopBuild during the 3rd quarter valued at $34,000. SJS Investment Consulting Inc. grew its stake in shares of TopBuild by 3,433.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after buying an additional 103 shares during the period. V Square Quantitative Management LLC purchased a new stake in TopBuild during the 4th quarter worth $43,000. Finally, Smithfield Trust Co boosted its position in TopBuild by 58.6% during the 3rd quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock worth $44,000 after purchasing an additional 41 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson decreased their price target on shares of TopBuild from $485.00 to $465.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Royal Bank Of Canada upped their price target on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Benchmark decreased their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Finally, Zacks Research cut shares of TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus target price of $440.21.

TopBuild Stock Down 3.0%

BLD stock opened at $388.43 on Thursday. TopBuild Corp. has a twelve month low of $273.87 and a twelve month high of $559.47. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $10.93 billion, a P/E ratio of 21.23, a PEG ratio of 5.03 and a beta of 1.78. The firm has a 50 day simple moving average of $422.58 and a 200-day simple moving average of $433.81.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, topping analysts’ consensus estimates of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the company earned $5.13 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.