TopBuild Corp. (NYSE:BLD) Stake Trimmed by Deutsche Bank AG

Deutsche Bank AG lowered its stake in TopBuild Corp. (NYSE:BLD) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,514 shares of the construction company’s stock after selling 3,220 shares during the quarter. Deutsche Bank AG owned approximately 0.41% of TopBuild worth $37,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in shares of TopBuild by 1.4% in the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company’s stock valued at $943,050,000 after purchasing an additional 41,047 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of TopBuild by 4.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock valued at $271,331,000 after purchasing an additional 40,916 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of TopBuild by 779.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock valued at $188,098,000 after purchasing an additional 535,478 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company’s stock valued at $185,353,000 after purchasing an additional 75,713 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in TopBuild by 5.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company’s stock valued at $150,053,000 after purchasing an additional 23,428 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now owns 7,007 shares of the company’s stock, valued at $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on BLD shares. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price objective on the stock. Loop Capital lowered their price objective on shares of TopBuild from $370.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Truist Financial lowered their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group cut their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $380.22.

TopBuild Trading Up 0.3%

Shares of NYSE:BLD opened at $313.01 on Wednesday. The stock has a market capitalization of $8.95 billion, a PE ratio of 15.79, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The firm has a fifty day moving average price of $297.04 and a 200 day moving average price of $325.67. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $4.81 earnings per share. Analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.