American Century Companies Inc. Has $62.53 Million Holdings in TopBuild Corp. $BLD

American Century Companies Inc. lessened its holdings in shares of TopBuild Corp. (NYSE:BLD) by 17.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,986 shares of the construction company’s stock after selling 34,993 shares during the quarter. American Century Companies Inc. owned approximately 0.57% of TopBuild worth $62,532,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC grew its position in TopBuild by 48.2% during the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock valued at $774,000 after purchasing an additional 837 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of TopBuild by 438.7% during the 2nd quarter. AlphaQuest LLC now owns 334 shares of the construction company’s stock valued at $108,000 after acquiring an additional 272 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of TopBuild by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 35,036 shares of the construction company’s stock worth $11,342,000 after acquiring an additional 2,094 shares during the last quarter. Bank of Montreal Can increased its position in TopBuild by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 5,397 shares of the construction company’s stock worth $1,747,000 after purchasing an additional 316 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of TopBuild by 7.7% during the 2nd quarter. Penserra Capital Management LLC now owns 866 shares of the construction company’s stock valued at $280,000 after buying an additional 62 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Down 2.8%

BLD opened at $420.70 on Thursday. The business has a 50 day moving average of $480.16 and a 200-day moving average of $444.26. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 5.21 and a beta of 1.72. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $559.47.

TopBuild (NYSE:BLD) last released its earnings results on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.39 by $0.11. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $5.13 EPS. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on BLD shares. Benchmark reduced their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. DA Davidson restated a “buy” rating and set a $485.00 price target on shares of TopBuild in a report on Wednesday, December 10th. Royal Bank Of Canada upped their price objective on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Jefferies Financial Group increased their target price 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. Finally, Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus price target of $439.26.

About TopBuild

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.