Wellington Management Group LLP Sells 21,542 Shares of TopBuild Corp. (NYSE:BLD)

Wellington Management Group LLP lessened its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,991 shares of the construction company's stock after selling 21,542 shares during the period. Wellington Management Group LLP owned approximately 0.35% of TopBuild worth $31,754,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after purchasing an additional 11,948 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in TopBuild by 3.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock valued at $6,192,000 after acquiring an additional 637 shares during the last quarter. KBC Group NV raised its position in TopBuild by 377.1% during the fourth quarter. KBC Group NV now owns 10,338 shares of the construction company's stock valued at $3,219,000 after purchasing an additional 8,171 shares in the last quarter. Algert Global LLC lifted its stake in TopBuild by 69.7% during the fourth quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock worth $2,189,000 after purchasing an additional 2,887 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of TopBuild by 18.0% in the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after purchasing an additional 67 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider now directly owns 7,007 shares of the company's stock, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company's stock.

Analysts Set New Price Targets

BLD has been the subject of several recent analyst reports. Stephens dropped their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. DA Davidson dropped their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wall Street Zen lowered shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Loop Capital lowered their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $380.22.

TopBuild Trading Down 0.9%

NYSE BLD traded down $2.67 on Monday, reaching $280.22. The company had a trading volume of 292,031 shares, compared to its average volume of 317,102. The business has a 50 day moving average of $292.65 and a two-hundred day moving average of $318.45. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 1.82 and a beta of 1.72. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $4.81 EPS. 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.