Vanguard Group Inc. Has $1.08 Billion Holdings in TopBuild Corp. $BLD

Vanguard Group Inc. lessened its holdings in shares of TopBuild Corp. (NYSE:BLD) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,578,960 shares of the construction company’s stock after selling 47,118 shares during the quarter. Vanguard Group Inc. owned 9.19% of TopBuild worth $1,075,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BLD. Orion Porfolio Solutions LLC raised its stake in shares of TopBuild by 7,961.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after purchasing an additional 390,838 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of TopBuild in the 3rd quarter valued at about $87,955,000. Nordea Investment Management AB raised its stake in shares of TopBuild by 228.6% in the 3rd quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock valued at $107,873,000 after purchasing an additional 193,969 shares during the period. Bank of America Corp DE raised its stake in shares of TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after purchasing an additional 109,572 shares during the period. Finally, UBS Group AG raised its stake in shares of TopBuild by 51.9% in the 3rd quarter. UBS Group AG now owns 246,889 shares of the construction company’s stock valued at $96,499,000 after purchasing an additional 84,307 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

NYSE:BLD opened at $439.61 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. The stock’s 50-day simple moving average is $403.41 and its 200 day simple moving average is $436.67. The company has a market cap of $12.37 billion, a P/E ratio of 24.02, a P/E/G ratio of 5.56 and a beta of 1.78. TopBuild Corp. has a 52-week low of $273.87 and a 52-week high of $559.47.

TopBuild (NYSE:BLD) last released its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business earned $5.13 earnings per share. TopBuild’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, sell-side analysts forecast that TopBuild Corp. will post 18.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company dropped their price target on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Benchmark dropped their price target on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Weiss Ratings downgraded TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $465.00 target price on shares of TopBuild in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.