Fmr LLC Has $506.78 Million Stake in TopBuild Corp. (NYSE:BLD)

Fmr LLC decreased its holdings in TopBuild Corp. (NYSE:BLD) by 11.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,627,731 shares of the construction company’s stock after selling 202,762 shares during the quarter. Fmr LLC owned 0.06% of TopBuild worth $506,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TT International Asset Management LTD raised its stake in TopBuild by 33.3% in the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock worth $5,847,000 after purchasing an additional 4,694 shares in the last quarter. Van ECK Associates Corp raised its stake in TopBuild by 57.8% in the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock worth $10,160,000 after purchasing an additional 11,948 shares in the last quarter. Fortem Financial Group LLC raised its stake in TopBuild by 450.8% in the 3rd 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. JPMorgan Chase & Co. raised its stake in TopBuild by 14.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company’s stock worth $34,828,000 after purchasing an additional 10,612 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in TopBuild by 51.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company’s stock worth $14,682,000 after purchasing an additional 16,090 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on BLD shares. The Goldman Sachs Group dropped their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Benchmark dropped their target price 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. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price for the company. Finally, Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.56.

TopBuild Trading Up 7.7 %

NYSE:BLD opened at $297.13 on Thursday. The firm has a market cap of $8.69 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68. The firm’s fifty day moving average is $308.91 and its 200-day moving average is $342.58. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.69 earnings per share. Equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current 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.