TopBuild Corp. (NYSE:BLD) Shares Sold by Capital World Investors

Capital World Investors decreased its position in shares of TopBuild Corp. (NYSE:BLD) by 0.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,145,365 shares of the construction company’s stock after selling 175 shares during the period. Capital World Investors owned 3.88% of TopBuild worth $356,598,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of TopBuild by 24.9% in the fourth quarter. First Trust Advisors LP now owns 51,390 shares of the construction company’s stock valued at $16,000,000 after buying an additional 10,237 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of TopBuild in the 4th quarter worth approximately $4,079,000. Jump Financial LLC bought a new stake in shares of TopBuild in the 4th quarter worth approximately $2,177,000. Anchor Investment Management LLC raised its holdings in shares of TopBuild by 16.8% in the 4th quarter. Anchor Investment Management LLC now owns 1,037 shares of the construction company’s stock worth $323,000 after purchasing an additional 149 shares in the last quarter. Finally, Promethos Capital LLC lifted its stake in TopBuild by 3.6% during the fourth quarter. Promethos Capital LLC now owns 10,830 shares of the construction company’s stock valued at $3,372,000 after purchasing an additional 380 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLD has been the topic of several research reports. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Loop Capital dropped their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research note on Tuesday, April 1st. They set a “buy” rating and a $356.00 price objective for the company. Finally, Benchmark dropped their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.56.

TopBuild Stock Up 2.3 %

TopBuild stock opened at $285.65 on Monday. The firm’s 50 day moving average price is $302.52 and its two-hundred day moving average price is $336.42. The firm has a market cap of $8.35 billion, a PE ratio of 14.41, a P/E/G ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $4.69 earnings per share. TopBuild’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.