Capital International Investors Has $350.24 Million Position in TopBuild Corp. (NYSE:BLD)

Capital International Investors cut its holdings in TopBuild Corp. (NYSE:BLD) by 19.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,124,951 shares of the construction company’s stock after selling 264,741 shares during the quarter. Capital International Investors owned about 3.81% of TopBuild worth $350,242,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. TT International Asset Management LTD lifted its position in TopBuild by 33.3% in the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock valued at $5,847,000 after acquiring an additional 4,694 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of TopBuild by 57.8% during the fourth quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock worth $10,160,000 after buying an additional 11,948 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of TopBuild by 14.1% during the third quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company’s stock worth $34,828,000 after buying an additional 10,612 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in TopBuild by 51.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company’s stock valued at $14,682,000 after buying an additional 16,090 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its stake in TopBuild by 18.4% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company’s stock valued at $11,052,000 after acquiring an additional 5,517 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on BLD. The Goldman Sachs Group decreased their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Loop Capital reduced their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Truist Financial lowered their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price target for the company. Finally, Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Stock Performance

Shares of NYSE BLD opened at $285.65 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $8.35 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The stock has a 50 day moving average of $302.52 and a 200-day moving average of $337.31.

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

TopBuild Company Profile

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.