TopBuild Corp. (NYSE:BLD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of TopBuild Corp. (NYSE:BLD) by 13.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,347 shares of the construction company’s stock after selling 18,615 shares during the quarter. Principal Financial Group Inc. owned approximately 0.39% of TopBuild worth $46,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild in the 3rd quarter valued at $31,000. World Investment Advisors LLC acquired a new position in TopBuild in the third quarter valued at $54,000. Anchor Investment Management LLC grew its holdings in shares of TopBuild by 10.3% during the third quarter. Anchor Investment Management LLC now owns 888 shares of the construction company’s stock worth $361,000 after purchasing an additional 83 shares during the last quarter. Fortem Financial Group LLC increased its position in shares of TopBuild by 450.8% during the third quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company’s stock worth $2,129,000 after purchasing an additional 4,283 shares in the last quarter. Finally, TT International Asset Management LTD lifted its holdings in shares of TopBuild by 199.5% in the 3rd quarter. TT International Asset Management LTD now owns 14,087 shares of the construction company’s stock valued at $5,730,000 after purchasing an additional 9,383 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD opened at $310.28 on Monday. 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’s 50 day moving average is $369.09 and its two-hundred day moving average is $390.10. TopBuild Corp. has a twelve month low of $305.79 and a twelve month high of $495.68. The firm has a market capitalization of $9.15 billion, a PE ratio of 15.65, a P/E/G ratio of 2.31 and a beta of 1.79.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $5.43 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on BLD. Jefferies Financial Group cut their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and reduced their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $439.38.

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.