Vanguard Group Inc. Sells 47,118 Shares of TopBuild Corp. $BLD

Vanguard Group Inc. lowered its holdings in shares of TopBuild Corp. (NYSE:BLD) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 2,578,960 shares of the construction company’s stock after selling 47,118 shares during the period. Vanguard Group Inc. owned approximately 0.09% of TopBuild worth $1,075,916,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLD. Orion Porfolio Solutions LLC grew its holdings in TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares during the period. Westfield Capital Management Co. LP bought a new position in TopBuild during the third quarter worth about $87,955,000. Nordea Investment Management AB grew its holdings in TopBuild by 228.6% during the third quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock worth $107,873,000 after purchasing an additional 193,969 shares during the period. Bank of America Corp DE grew its holdings in TopBuild by 14.8% during the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after purchasing an additional 109,572 shares during the period. Finally, UBS Group AG grew its holdings in TopBuild by 51.9% during the third quarter. UBS Group AG now owns 246,889 shares of the construction company’s stock worth $96,499,000 after purchasing an additional 84,307 shares during the period. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 0.7%

Shares of NYSE:BLD opened at $439.61 on Friday. TopBuild Corp. has a 12-month low of $273.87 and a 12-month high of $559.47. The stock has a market cap of $12.37 billion, a PE ratio of 24.02, a P/E/G ratio of 5.56 and a beta of 1.78. The business has a 50 day moving average of $403.41 and a 200-day moving average of $436.67. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21.

TopBuild (NYSE:BLD) last issued its quarterly earnings data 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. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company posted $5.13 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts forecast that TopBuild Corp. will post 18.12 earnings per share for the current year.

Analyst Ratings Changes

BLD has been the subject of a number of research analyst reports. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Benchmark reduced their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. JPMorgan Chase & Co. restated a “neutral” rating and set a $496.00 price objective (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada boosted their price objective on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $447.21.

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.