DekaBank Deutsche Girozentrale Has $37.39 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

DekaBank Deutsche Girozentrale lowered its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,738 shares of the construction company's stock after selling 15,700 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.32% of TopBuild worth $37,392,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Millennium Management LLC boosted its holdings in TopBuild by 230.1% in the fourth quarter. Millennium Management LLC now owns 864,237 shares of the construction company's stock valued at $135,244,000 after purchasing an additional 602,416 shares during the last quarter. Capital International Investors boosted its stake in shares of TopBuild by 135.6% during the 1st quarter. Capital International Investors now owns 913,930 shares of the construction company's stock valued at $165,778,000 after buying an additional 526,053 shares during the last quarter. Norges Bank acquired a new stake in shares of TopBuild during the fourth quarter worth approximately $70,298,000. William Blair Investment Management LLC bought a new stake in shares of TopBuild in the third quarter worth $95,147,000. Finally, Ameriprise Financial Inc. raised its holdings in TopBuild by 65.7% in the first quarter. Ameriprise Financial Inc. now owns 348,157 shares of the construction company's stock valued at $72,465,000 after acquiring an additional 138,058 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Performance

BLD stock traded up $11.03 during mid-day trading on Friday, reaching $446.91. The company had a trading volume of 190,884 shares, compared to its average volume of 241,726. TopBuild Corp. has a one year low of $184.50 and a one year high of $450.00. The stock has a market capitalization of $14.22 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.15 and a beta of 1.66. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The stock's 50-day simple moving average is $406.26 and its two-hundred day simple moving average is $338.54.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, topping analysts' consensus estimates of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the company earned $4.40 EPS. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. Research analysts anticipate that TopBuild Corp. will post 20.98 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of TopBuild from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $312.00 to $387.00 in a report on Thursday, December 14th. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a report on Saturday. Truist Financial downgraded TopBuild from a "buy" rating to a "hold" rating and increased their target price for the stock from $290.00 to $410.00 in a report on Thursday, January 4th. Benchmark boosted their price target on TopBuild from $320.00 to $450.00 and gave the company a "buy" rating in a report on Friday, March 1st. Finally, The Goldman Sachs Group raised their price objective on TopBuild from $419.00 to $429.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $401.40.

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.