TopBuild Corp. (NYSE:BLD) Shares Purchased by Capital Research Global Investors

Capital Research Global Investors raised its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,029,012 shares of the construction company's stock after buying an additional 41,047 shares during the period. Capital Research Global Investors owned approximately 10.27% of TopBuild worth $943,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pictet Asset Management Holding SA increased its stake in shares of TopBuild by 4.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock worth $271,331,000 after purchasing an additional 40,916 shares in the last quarter. Invesco Ltd. raised its holdings in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock worth $185,353,000 after acquiring an additional 75,713 shares during the last quarter. Norges Bank purchased a new stake in shares of TopBuild in the fourth quarter valued at $108,688,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of TopBuild by 4.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock valued at $91,076,000 after acquiring an additional 11,762 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in TopBuild by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company's stock worth $78,329,000 after purchasing an additional 18,174 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. 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 target on the stock. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. The Goldman Sachs Group lowered their price objective on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Benchmark reduced their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, Truist Financial dropped their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. 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.com, TopBuild currently has an average rating of "Moderate Buy" and an average price target of $398.56.

TopBuild Trading Down 2.0 %

Shares of TopBuild stock traded down $6.08 during trading hours on Friday, hitting $296.35. The company's stock had a trading volume of 39,902 shares, compared to its average volume of 314,573. The business has a fifty day moving average of $299.78 and a 200 day moving average of $334.48. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a market capitalization of $8.67 billion, a PE ratio of 15.02, a P/E/G ratio of 1.82 and a beta of 1.78.

TopBuild (NYSE:BLD - Get Free Report) last issued 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $4.69 earnings per share. The firm's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities analysts forecast 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.