GW&K Investment Management LLC Sells 17,029 Shares of TopBuild Corp. $BLD

Key Points

• GW&K Investment Management cut its TopBuild (NYSE: BLD) holdings by 64.5% in Q3, selling 17,029 shares and leaving 9,372 shares valued at $3,663,000.
• Other institutional moves were large and offsetting — AEGON grew to 93,870 shares (+244.2%), WCM opened a new $17.7M stake, and Campbell & Co. increased holdings by 697.8% — institutional investors now own 95.67% of the stock.
• Analyst sentiment is mixed: the consensus is a Moderate Buy with an average price target of $439.26, although several firms recently trimmed targets and a few downgraded the stock.

GW&K Investment Management LLC trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 64.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,372 shares of the construction company's stock after selling 17,029 shares during the quarter. GW&K Investment Management LLC's holdings in TopBuild were worth $3,663,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Inscription Capital LLC boosted its holdings in shares of TopBuild by 104.6% in the 3rd quarter. Inscription Capital LLC now owns 2,949 shares of the construction company's stock valued at $1,153,000 after purchasing an additional 1,508 shares in the last quarter. Calamos Advisors LLC bought a new stake in shares of TopBuild during the 3rd quarter worth $997,000. WCM Investment Management LLC bought a new stake in shares of TopBuild during the 3rd quarter worth $17,734,000. Campbell & CO Investment Adviser LLC boosted its stake in TopBuild by 697.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company's stock valued at $3,090,000 after buying an additional 6,915 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its position in TopBuild by 244.2% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 93,870 shares of the construction company's stock valued at $36,698,000 after acquiring an additional 66,601 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Ratings Changes

BLD has been the subject of several research analyst reports. Benchmark lowered their target price 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 decreased their price target on shares of TopBuild from $600.00 to $525.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Jefferies Financial Group upped their price objective on shares of TopBuild from $518.00 to $536.00 and gave the stock a "buy" rating in a research report on Monday, December 15th. Weiss Ratings lowered shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. Finally, Zacks Research downgraded shares of TopBuild from a "hold" rating to a "strong sell" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $439.26.

TopBuild Stock Performance

NYSE BLD opened at $388.11 on Friday. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 4.91 and a beta of 1.72. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $559.47. The stock has a fifty day simple moving average of $478.86 and a 200 day simple moving average of $443.73. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21.

TopBuild (NYSE:BLD - Get Free Report) last announced 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. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The business's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.13 EPS. Sell-side analysts expect that TopBuild Corp. will post 20.97 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.