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

Key Points

• Massachusetts Financial Services cut its stake in TopBuild by 25.9% in Q4, selling 30,021 shares and now owning 85,840 shares (about 0.31% of the company), while institutional investors hold roughly 95.67% of the stock.
• Analysts show mixed revisions but a consensus of "Moderate Buy" with an average price target of $440.21.
• TopBuild beat quarterly estimates (EPS $4.50 vs. $4.39 est.; revenue $1.50B, up 13.2% YoY), yet the stock is trading near $388.43 (down ~3%), below the average analyst target.

Massachusetts Financial Services Co. MA lessened its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 25.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 owned 0.31% of TopBuild worth $35,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Trium Capital LLP boosted its stake in shares of TopBuild by 6.5% during the 4th quarter. Trium Capital LLP now owns 5,226 shares of the construction company's stock worth $2,180,000 after acquiring an additional 320 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of TopBuild during the 4th quarter worth approximately $43,000. Seascape Capital Management boosted its stake in shares of TopBuild by 3.7% during the 4th quarter. Seascape Capital Management now owns 9,970 shares of the construction company's stock worth $4,159,000 after acquiring an additional 359 shares in the last quarter. Greenleaf Trust boosted its stake in shares of TopBuild by 1.8% during the 4th quarter. Greenleaf Trust now owns 1,214 shares of the construction company's stock worth $506,000 after acquiring an additional 22 shares in the last quarter. Finally, Petra Financial Advisors Inc. boosted its stake in shares of TopBuild by 4.2% during the 4th quarter. Petra Financial Advisors Inc. now owns 1,647 shares of the construction company's stock worth $687,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Benchmark decreased their price target on TopBuild from $515.00 to $500.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Royal Bank Of Canada boosted their price target on TopBuild from $410.00 to $433.00 and gave the stock a "sector perform" rating in a research note on Friday, February 27th. Wells Fargo & Company decreased their price target on TopBuild from $525.00 to $475.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Weiss Ratings lowered TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 27th. Finally, Seaport Research Partners reissued a "neutral" rating on shares of TopBuild in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $440.21.

TopBuild Trading Down 3.0%

Shares of BLD opened at $388.43 on Thursday. The stock has a fifty day moving average of $422.58 and a two-hundred day moving average of $433.81. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. The company has a market capitalization of $10.93 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 5.03 and a beta of 1.78. TopBuild Corp. has a fifty-two week low of $273.87 and a fifty-two week high of $559.47.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating 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 company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $5.13 EPS. TopBuild's revenue was up 13.2% on a year-over-year basis. As a group, analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

TopBuild 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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