TopBuild Corp. (NYSE:BLD) is Findlay Park Partners LLP's 2nd Largest Position

Findlay Park Partners LLP reduced its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 893,607 shares of the construction company's stock after selling 84,868 shares during the quarter. TopBuild makes up 3.3% of Findlay Park Partners LLP's portfolio, making the stock its 2nd biggest position. Findlay Park Partners LLP owned approximately 2.81% of TopBuild worth $334,441,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC grew its position in TopBuild by 13.8% during the third quarter. FMR LLC now owns 1,100,719 shares of the construction company's stock valued at $276,941,000 after purchasing an additional 133,835 shares in the last quarter. Invesco Ltd. grew its stake in shares of TopBuild by 3.9% in the 3rd quarter. Invesco Ltd. now owns 880,779 shares of the construction company's stock valued at $221,604,000 after purchasing an additional 32,771 shares during the period. William Blair Investment Management LLC acquired a new position in shares of TopBuild in the 3rd quarter worth approximately $95,147,000. Adage Capital Partners GP L.L.C. boosted its holdings in shares of TopBuild by 83.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 275,000 shares of the construction company's stock worth $69,190,000 after acquiring an additional 125,000 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in TopBuild by 1.8% during the 3rd quarter. Northern Trust Corp now owns 265,856 shares of the construction company's stock worth $66,889,000 after buying an additional 4,811 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BLD. Bank of America increased their price target on TopBuild from $410.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Saturday, April 6th. DA Davidson began coverage on shares of TopBuild in a research note on Tuesday, March 5th. They issued a "buy" rating and a $470.00 target price for the company. Benchmark raised their target price on shares of TopBuild from $450.00 to $470.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Stephens restated an "equal weight" rating and set a $425.00 price objective on shares of TopBuild in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $420.90.

Insider Activity at TopBuild

In related news, CEO Robert M. Buck sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the completion of the sale, the chief executive officer now owns 71,968 shares of the company's stock, valued at $29,054,920.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Robert M. Kuhns sold 540 shares of TopBuild stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $406.53, for a total value of $219,526.20. Following the completion of the transaction, the chief financial officer now owns 15,928 shares in the company, valued at $6,475,209.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert M. Buck sold 5,000 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the completion of the sale, the chief executive officer now directly owns 71,968 shares in the company, valued at approximately $29,054,920.96. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.

TopBuild Trading Up 1.4 %

Shares of NYSE:BLD traded up $5.75 on Friday, reaching $414.43. 262,406 shares of the company traded hands, compared to its average volume of 353,148. The company has a current ratio of 2.81, a quick ratio of 2.18 and a debt-to-equity ratio of 0.50. The business's 50-day simple moving average is $414.38 and its 200 day simple moving average is $366.47. The stock has a market capitalization of $13.19 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.67. TopBuild Corp. has a 52 week low of $199.31 and a 52 week high of $452.87.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating analysts' consensus estimates of $4.56 by $0.25. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $4.36 earnings per share. The business's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts anticipate that TopBuild Corp. will post 21.22 EPS for the current fiscal year.

TopBuild 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.