TopBuild Corp. $BLD Shares Sold by CI Investments Inc.

CI Investments Inc. decreased its position in shares of TopBuild Corp. (NYSE:BLD) by 95.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,061 shares of the construction company’s stock after selling 21,938 shares during the period. CI Investments Inc.’s holdings in TopBuild were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BLD. Core Wealth Advisors LLC bought a new position in TopBuild during the 4th quarter valued at $26,000. Advisory Services Network LLC bought a new stake in shares of TopBuild in the 3rd quarter worth $27,000. Parallel Advisors LLC raised its stake in shares of TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after buying an additional 25 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after buying an additional 59 shares in the last quarter. Finally, First Horizon Corp lifted its holdings in shares of TopBuild by 138.9% in the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 50 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

Shares of BLD opened at $354.53 on Friday. The company has a 50-day moving average of $389.00 and a two-hundred day moving average of $421.02. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. TopBuild Corp. has a one year low of $321.67 and a one year high of $559.47.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company posted $4.63 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, equities research analysts expect that TopBuild Corp. will post 18.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLD has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Evercore set a $360.00 price target on shares of TopBuild in a research report on Monday, June 29th. UBS Group set a $440.00 price target on shares of TopBuild in a report on Wednesday, May 6th. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Finally, Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $465.00.

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.