TopBuild Corp. $BLD Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in TopBuild Corp. (NYSE:BLD) by 16.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 115,861 shares of the construction company’s stock after selling 22,010 shares during the period. Massachusetts Financial Services Co. MA owned 0.41% of TopBuild worth $45,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners grew its position in shares of TopBuild by 102.2% in the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock valued at $250,872,000 after purchasing an additional 391,299 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in shares of TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares during the last quarter. Norges Bank purchased a new stake in TopBuild in the 2nd quarter valued at approximately $110,238,000. Allspring Global Investments Holdings LLC acquired a new stake in TopBuild during the 2nd quarter valued at $109,447,000. Finally, Nordea Investment Management AB increased its position in TopBuild by 228.6% during the third quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock worth $107,873,000 after buying an additional 193,969 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity

In other news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the sale, the vice president directly owned 9,349 shares of the company’s stock, valued at $4,210,789.60. The trade was a 9.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is owned by corporate insiders.

TopBuild Stock Up 2.2%

BLD opened at $493.21 on Thursday. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $509.36. The business has a 50-day moving average of $441.48 and a two-hundred day moving average of $421.25. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 7.97 and a beta of 1.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.14. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm posted $5.68 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analyst Weigh In

BLD has been the topic of several recent research reports. Truist Financial upped their price objective on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research report on Thursday, October 9th. Vertical Research assumed coverage on shares of TopBuild in a report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 target price on the stock. Royal Bank Of Canada assumed coverage on shares of TopBuild in a research note on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price target on the stock. DA Davidson reissued a “buy” rating and issued a $485.00 price objective on shares of TopBuild in a research report on Wednesday, December 10th. Finally, Evercore ISI reduced their price objective on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $439.73.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.