Vaughan Nelson Investment Management L.P. grew its position in TopBuild Corp. (NYSE:BLD - Free Report) by 32.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 386,920 shares of the construction company's stock after acquiring an additional 94,389 shares during the quarter. TopBuild makes up approximately 1.2% of Vaughan Nelson Investment Management L.P.'s holdings, making the stock its 26th largest position. Vaughan Nelson Investment Management L.P. owned 1.32% of TopBuild worth $117,992,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its position in TopBuild by 779.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after buying an additional 535,478 shares during the period. Norges Bank bought a new position in shares of TopBuild in the fourth quarter worth $108,688,000. Westwood Holdings Group Inc. bought a new position in shares of TopBuild in the fourth quarter worth $80,844,000. Interval Partners LP acquired a new stake in shares of TopBuild in the fourth quarter valued at $53,424,000. Finally, GAMMA Investing LLC lifted its holdings in shares of TopBuild by 167,622.2% in the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock valued at $46,032,000 after buying an additional 150,860 shares during the period. 95.67% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on BLD shares. Stephens cut their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Benchmark reduced their price target on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. DA Davidson reduced their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and a consensus target price of $380.22.
Read Our Latest Stock Report on TopBuild
TopBuild Stock Down 3.3%
NYSE BLD traded down $10.20 during trading on Friday, reaching $298.83. The company's stock had a trading volume of 374,837 shares, compared to its average volume of 323,432. 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 stock has a market capitalization of $8.54 billion, a PE ratio of 15.08, a PEG ratio of 1.82 and a beta of 1.62. The business has a 50-day moving average price of $292.20 and a 200-day moving average price of $313.87. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68.
TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $4.81 earnings per share. The company's quarterly revenue was down 3.6% compared to the same quarter last year. On average, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Steven P. Raia sold 1,738 shares of the business's 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 owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by insiders.
TopBuild Company Profile
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Free Report)
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.
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