Artemis Investment Management LLP Sells 8,197 Shares of TopBuild Corp. $BLD

Key Points

• Artemis Investment Management trimmed its TopBuild stake by 6.9%, selling 8,197 shares and leaving it with 110,205 shares (about 0.39% of the company) valued at roughly $45.98 million at quarter-end; overall institutional ownership stands at about 95.67%.
• Analysts are mixed but positive overall, with a consensus rating of "Moderate Buy" and an average price target of $447.21 (breakdown: 1 Strong Buy, 7 Buy, 7 Hold, 1 Sell).
• TopBuild beat quarterly expectations with Q4 EPS $4.50 vs. $4.39 est. and revenue of $1.50 billion (up 13.2% YoY); the stock trades near $439.61 with a market cap of $12.38 billion and a P/E of 24.02.

Artemis Investment Management LLP trimmed its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,205 shares of the construction company's stock after selling 8,197 shares during the quarter. Artemis Investment Management LLP owned approximately 0.39% of TopBuild worth $45,976,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BLD. AQR Capital Management LLC increased its holdings in shares of TopBuild by 48.2% during the 1st quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company's stock worth $774,000 after acquiring an additional 837 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of TopBuild by 106.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company's stock worth $77,000 after acquiring an additional 123 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of TopBuild by 8.1% during the 2nd quarter. First Trust Advisors LP now owns 67,835 shares of the construction company's stock worth $21,961,000 after acquiring an additional 5,093 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of TopBuild during the 2nd quarter worth approximately $489,000. Finally, Federated Hermes Inc. increased its holdings in shares of TopBuild by 10.7% during the 2nd quarter. Federated Hermes Inc. now owns 6,759 shares of the construction company's stock worth $2,188,000 after acquiring an additional 654 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on BLD. Royal Bank Of Canada boosted their target price on TopBuild from $410.00 to $433.00 and gave the stock a "sector perform" rating in a report on Friday, February 27th. Benchmark reduced their price target on TopBuild from $515.00 to $500.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Wells Fargo & Company reduced their price target on TopBuild from $525.00 to $475.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. DA Davidson restated a "buy" rating and issued a $465.00 price target on shares of TopBuild in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $496.00 price target (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $447.21.

TopBuild Trading Down 0.7%

NYSE BLD opened at $439.61 on Friday. The business has a 50 day simple moving average of $403.41 and a 200 day simple moving average of $436.67. TopBuild Corp. has a one year low of $273.87 and a one year high of $559.47. The stock has a market capitalization of $12.38 billion, a P/E ratio of 24.02, a P/E/G ratio of 5.56 and a beta of 1.85. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The business had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter last year, the firm posted $5.13 earnings per share. The firm's revenue was up 13.2% on a year-over-year basis. Research analysts expect that TopBuild Corp. will post 18.12 earnings per share for the current 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.

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