Capital World Investors held its stake in shares of TopBuild Corp. (NYSE:BLD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,745,000 shares of the construction company’s stock at the close of the 2nd quarter. Capital World Investors owned about 4.79% of TopBuild Corp. worth $92,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its holdings in shares of TopBuild Corp. by 35,157.0% in the 1st quarter. BlackRock Inc. now owns 5,520,188 shares of the construction company’s stock valued at $259,449,000 after buying an additional 5,504,531 shares during the period. Vanguard Group Inc. grew its holdings in shares of TopBuild Corp. by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock valued at $154,490,000 after buying an additional 139,066 shares during the period. FMR LLC grew its holdings in shares of TopBuild Corp. by 7.2% in the 2nd quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock valued at $152,272,000 after buying an additional 193,582 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of TopBuild Corp. by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,626 shares of the construction company’s stock valued at $125,278,000 after buying an additional 164,591 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of TopBuild Corp. by 12.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,109,157 shares of the construction company’s stock valued at $58,863,000 after buying an additional 122,281 shares during the period. Institutional investors own 92.01% of the company’s stock.

In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $56.81, for a total value of $2,519,864.36. Following the transaction, the chief executive officer now directly owns 149,201 shares in the company, valued at $8,476,108.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

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A number of equities analysts recently weighed in on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $75.00 target price on shares of TopBuild Corp. in a research note on Wednesday. Zacks Investment Research raised shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research note on Thursday, August 10th. BidaskClub lowered shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. KeyCorp reaffirmed an “overweight” rating and issued a $59.00 target price (up from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Finally, TheStreet raised shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $58.00.

Shares of TopBuild Corp. (NYSE BLD) opened at 64.94 on Friday. The stock has a 50 day moving average of $61.98 and a 200-day moving average of $61.98. TopBuild Corp. has a one year low of $28.81 and a one year high of $67.27. The company has a market capitalization of $2.36 billion, a PE ratio of 36.00 and a beta of 0.64.

TopBuild Corp. (NYSE:BLD) last released its earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. The firm had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. On average, equities analysts forecast that TopBuild Corp. will post $2.80 earnings per share for the current fiscal year.

TopBuild Corp. Profile

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

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Institutional Ownership by Quarter for TopBuild Corp. (NYSE:BLD)

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