UBS Group AG Sells 25,241 Shares of TopBuild Corp. $BLD

Key Points

• UBS reduced its stake in TopBuild by 10.2% in the fourth quarter, selling 25,241 shares and leaving it with 221,648 shares (0.79% of the company) valued at about $92.47 million.
• TopBuild beat Q4 estimates, reporting $4.50 EPS vs. $4.39 expected and revenue of $1.50 billion (up 13.2% YoY); the company has a $12.38 billion market cap and a one‑year trading range of $273.87–$559.47.
• Institutional ownership is very high at 95.67%, and analysts hold a consensus "Moderate Buy" rating with a $447.21 price target amid mixed individual recommendations.

UBS Group AG reduced its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,648 shares of the construction company's stock after selling 25,241 shares during the quarter. UBS Group AG owned 0.79% of TopBuild worth $92,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BLD. Capital Research Global Investors grew its stake in shares of TopBuild by 1.8% in the third quarter. Capital Research Global Investors now owns 3,496,884 shares of the construction company's stock worth $1,366,806,000 after acquiring an additional 62,690 shares during the period. Capital World Investors grew its stake in shares of TopBuild by 1.8% in the third quarter. Capital World Investors now owns 864,574 shares of the construction company's stock worth $337,927,000 after acquiring an additional 15,009 shares during the period. Bank of America Corp DE grew its stake in shares of TopBuild by 14.8% in the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company's stock worth $274,349,000 after acquiring an additional 109,572 shares during the period. Boston Partners grew its stake in shares of TopBuild by 1.0% in the third quarter. Boston Partners now owns 781,561 shares of the construction company's stock worth $305,662,000 after acquiring an additional 7,400 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of TopBuild by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 496,055 shares of the construction company's stock worth $193,891,000 after acquiring an additional 2,951 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Price Performance

Shares of NYSE:BLD opened at $439.61 on Friday. 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 Corp. has a 1-year low of $273.87 and a 1-year high of $559.47. The company has a market capitalization of $12.38 billion, a P/E ratio of 24.02, a P/E/G ratio of 5.51 and a beta of 1.85. The firm's 50 day simple moving average is $403.41 and its two-hundred day simple moving average is $436.76.

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 net margin of 9.65% and a return on equity of 25.66%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm earned $5.13 earnings per share. The company's revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts expect that TopBuild Corp. will post 18.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of TopBuild from $410.00 to $433.00 and gave the stock a "sector perform" rating in a research note on Friday, February 27th. Seaport Research Partners reiterated a "neutral" rating on shares of TopBuild in a research note on Tuesday, April 7th. Weiss Ratings lowered shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 27th. JPMorgan Chase & Co. reiterated 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. Finally, Wells Fargo & Company reduced their price target on shares of TopBuild from $525.00 to $475.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, TopBuild presently has an average rating of "Moderate Buy" and a consensus price target of $447.21.

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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