AEGON ASSET MANAGEMENT UK Plc Acquires 5,517 Shares of TopBuild Corp. (NYSE:BLD)

AEGON ASSET MANAGEMENT UK Plc boosted its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,562 shares of the construction company's stock after purchasing an additional 5,517 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.12% of TopBuild worth $11,052,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its holdings in TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock worth $744,663,000 after purchasing an additional 161,743 shares in the last quarter. State Street Corp increased its holdings in TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company's stock worth $455,639,000 after purchasing an additional 34,911 shares in the last quarter. Geode Capital Management LLC grew its stake in TopBuild by 2.1% in the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company's stock valued at $255,526,000 after acquiring an additional 12,909 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in TopBuild in the third quarter valued at approximately $114,220,000. Finally, Charles Schwab Investment Management Inc. grew its stake in TopBuild by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company's stock valued at $94,955,000 after acquiring an additional 5,982 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

Shares of BLD traded down $2.00 on Friday, reaching $352.82. 218,359 shares of the company's stock traded hands, compared to its average volume of 207,994. The stock's 50 day simple moving average is $345.03 and its two-hundred day simple moving average is $378.12. The stock has a market cap of $10.41 billion, a PE ratio of 17.80, a PEG ratio of 2.08 and a beta of 1.84. TopBuild Corp. has a 52-week low of $302.70 and a 52-week high of $495.68. 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 - Get Free Report) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business's revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $5.43 EPS. On average, analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and reduced their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. The Goldman Sachs Group reduced their price objective on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Finally, DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, TopBuild presently has a consensus rating of "Moderate Buy" and a consensus price target of $437.00.

TopBuild Company 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.