Montag A & Associates Inc. Trims Stock Holdings in TopBuild Corp. $BLD

Key Points

• Montag A & Associates trimmed its stake in TopBuild (NYSE:BLD) by 64.7% in Q4, selling 2,445 shares and leaving 1,335 shares valued at about $557,000.
• Institutional ownership is very high at 95.67%, with significant repositioning including Pictet Asset Management raising its stake to 697,047 shares (≈$290.8M) while other funds both bought and sold TopBuild shares.
• Analysts are mixed: several firms cut ratings and price targets, but the consensus remains a "Moderate Buy" with an average price target of $447.21; TopBuild recently beat quarterly EPS estimates ($4.50 vs. $4.39) and the stock trades around $431 with a P/E of ~23.6.

Montag A & Associates Inc. trimmed its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 64.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,335 shares of the construction company's stock after selling 2,445 shares during the quarter. Montag A & Associates Inc.'s holdings in TopBuild were worth $557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Oppenheimer & Co. Inc. raised its holdings in shares of TopBuild by 6.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 696 shares of the construction company's stock worth $290,000 after buying an additional 41 shares during the period. Torren Management LLC purchased a new stake in shares of TopBuild in the fourth quarter worth approximately $134,000. M&T Bank Corp purchased a new position in TopBuild during the 4th quarter worth $309,000. Pictet Asset Management Holding SA increased its holdings in TopBuild by 7.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 697,047 shares of the construction company's stock worth $290,811,000 after purchasing an additional 50,762 shares during the period. Finally, Abacus FCF Advisors LLC increased its holdings in TopBuild by 2.3% during the 4th quarter. Abacus FCF Advisors LLC now owns 10,976 shares of the construction company's stock worth $4,579,000 after purchasing an additional 250 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Seaport Research Partners restated a "neutral" rating on shares of TopBuild in a report on Tuesday, April 7th. Wells Fargo & Company reduced their price objective on TopBuild from $525.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. Benchmark reduced their price objective on TopBuild from $515.00 to $500.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Weiss Ratings downgraded TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 27th. Finally, Zacks Research downgraded TopBuild from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $447.21.

TopBuild Stock Down 1.7%

TopBuild stock opened at $431.47 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 5.51 and a beta of 1.85. TopBuild Corp. has a 1-year low of $273.87 and a 1-year high of $559.47. The business has a fifty day moving average price of $403.41 and a 200-day moving average price of $436.74.

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