Capital World Investors Sells 175 Shares of TopBuild Corp. (NYSE:BLD)

Capital World Investors trimmed its stake in TopBuild Corp. (NYSE:BLD) by 0.0% during the fourth quarter, according to its most recent 13F filing with the 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’ holdings in TopBuild were worth $356,598,000 at the end of the most recent reporting period.

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

TopBuild Trading Up 2.3 %

Shares of TopBuild stock opened at $285.65 on Monday. The company’s fifty day moving average price is $302.52 and its two-hundred day moving average price is $336.42. The firm has a market capitalization of $8.35 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last posted its quarterly earnings results 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. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.69 earnings per share. On average, analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analyst Weigh In

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

TopBuild 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.