Vanguard Group Inc. Has $840.27 Million Holdings in TopBuild Corp. (NYSE:BLD)

Key Points

• Vanguard Group Inc. holds a significant stake in TopBuild Corp. with an investment of approximately $840.27 million, owning 9.42% of the company's shares after slightly reducing its position in the first quarter.
• Institutional investors dominate TopBuild's ownership, controlling 95.67% of the company's stock, which includes significant purchases by firms like T. Rowe Price Investment Management Inc. and GAMMA Investing LLC in recent quarters.
• Analysts have mixed ratings on TopBuild, with five analysts rating it as 'hold', while others have a 'buy' or 'strong buy' rating, and the average price target stands at $394.67.

Vanguard Group Inc. lowered its position in TopBuild Corp. (NYSE:BLD - Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,755,439 shares of the construction company's stock after selling 40,496 shares during the quarter. Vanguard Group Inc. owned 9.42% of TopBuild worth $840,271,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BLD. T. Rowe Price Investment Management Inc. lifted its position in shares of TopBuild by 779.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after acquiring an additional 535,478 shares during the period. Westwood Holdings Group Inc. bought a new stake in shares of TopBuild in the 4th quarter worth approximately $80,844,000. Interval Partners LP bought a new stake in shares of TopBuild in the 4th quarter worth approximately $53,424,000. GAMMA Investing LLC lifted its position in shares of TopBuild by 167,622.2% in the 1st quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after acquiring an additional 150,860 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of TopBuild by 32.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company's stock worth $117,992,000 after acquiring an additional 94,389 shares during the period. Institutional investors own 95.67% of the company's stock.

TopBuild Price Performance

BLD traded down $1.55 during trading on Friday, hitting $435.34. The company's stock had a trading volume of 229,618 shares, compared to its average volume of 370,235. The firm's 50 day moving average price is $356.62 and its two-hundred day moving average price is $321.21. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 5.93 and a beta of 1.63. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $445.74. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.07 by $0.24. The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%. The business's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the firm earned $5.42 EPS. Sell-side analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Transactions at TopBuild

In other news, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.19, for a total value of $3,051,646.50. Following the completion of the sale, the chief executive officer directly owned 73,225 shares of the company's stock, valued at approximately $30,402,287.75. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeff M. Krestancic sold 373 shares of TopBuild stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the sale, the insider directly owned 4,934 shares of the company's stock, valued at $2,047,610. This trade represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,313 shares of company stock valued at $5,118,903 over the last quarter. Corporate insiders own 0.43% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Stephens cut their target price 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. Bank of America raised their target price on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. UBS Group set a $370.00 target price on TopBuild and gave the stock a "hold" rating in a research report on Tuesday, August 5th. DA Davidson cut their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Loop Capital raised their target price on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $394.67.

About TopBuild

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.