TopBuild (BLD) Position Reduced by Deutsche Bank AG

Deutsche Bank AG lessened its position in TopBuild (NYSE:BLD) by 34.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,021 shares of the construction company’s stock after selling 55,206 shares during the quarter. Deutsche Bank AG owned about 0.29% of TopBuild worth $7,801,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in TopBuild by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,410,107 shares of the construction company’s stock worth $157,065,000 after acquiring an additional 49,481 shares during the period. Ameriprise Financial Inc. raised its holdings in TopBuild by 35.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 348,407 shares of the construction company’s stock worth $22,705,000 after acquiring an additional 91,512 shares during the period. OppenheimerFunds Inc. raised its holdings in TopBuild by 2.2% in the 4th quarter. OppenheimerFunds Inc. now owns 284,927 shares of the construction company’s stock worth $21,580,000 after acquiring an additional 6,175 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in TopBuild by 12.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 223,796 shares of the construction company’s stock worth $16,951,000 after acquiring an additional 24,921 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in TopBuild by 95.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,824 shares of the construction company’s stock worth $13,180,000 after acquiring an additional 100,094 shares during the period. Hedge funds and other institutional investors own 94.66% of the company’s stock.

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NYSE BLD opened at $77.71 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2,725.58, a price-to-earnings ratio of 27.95 and a beta of 0.57. TopBuild has a 52-week low of $45.89 and a 52-week high of $82.26.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. The company had revenue of $501.40 million for the quarter, compared to analyst estimates of $491.80 million. TopBuild had a net margin of 8.30% and a return on equity of 10.65%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. research analysts forecast that TopBuild will post 4.01 EPS for the current fiscal year.

In other TopBuild news, insider Robert M. Buck sold 23,112 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $74.12, for a total value of $1,713,061.44. Following the sale, the insider now directly owns 73,917 shares in the company, valued at approximately $5,478,728.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John S. Peterson sold 6,932 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $75.36, for a total transaction of $522,395.52. Following the completion of the sale, the chief financial officer now owns 34,943 shares in the company, valued at $2,633,304.48. The disclosure for this sale can be found here. Insiders sold a total of 32,271 shares of company stock worth $2,405,043 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Several research analysts recently commented on BLD shares. Zacks Investment Research upgraded shares of TopBuild from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, January 16th. ValuEngine upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. SunTrust Banks raised their price target on shares of TopBuild to $82.00 and gave the stock a “reduce” rating in a research report on Wednesday, February 28th. Nomura upgraded shares of TopBuild from a “neutral” rating to a “buy” rating and raised their price target for the stock from $69.00 to $78.00 in a research report on Monday, December 18th. Finally, Jefferies Group began coverage on shares of TopBuild in a research report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.00.

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TopBuild Company Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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