American Century Companies Inc. Boosts Holdings in TopBuild Corp. (NYSE:BLD)

American Century Companies Inc. raised its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,802 shares of the construction company's stock after buying an additional 9,266 shares during the quarter. American Century Companies Inc. owned approximately 0.51% of TopBuild worth $46,639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC grew its position 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 acquiring an additional 161,743 shares during the period. State Street Corp lifted its stake in shares of TopBuild by 3.2% in the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company's stock valued at $455,639,000 after purchasing an additional 34,911 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of TopBuild by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company's stock worth $255,526,000 after purchasing an additional 12,909 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of TopBuild by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock worth $91,076,000 after purchasing an additional 11,762 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in TopBuild by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company's stock valued at $78,329,000 after buying an additional 18,174 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

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TopBuild Stock Up 0.1 %

TopBuild stock traded up $0.31 during trading on Tuesday, reaching $305.26. The stock had a trading volume of 264,797 shares, compared to its average volume of 309,767. TopBuild Corp. has a 52-week low of $288.31 and a 52-week high of $495.68. The business has a 50 day moving average price of $318.19 and a 200 day moving average price of $348.09. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock has a market cap of $8.93 billion, a PE ratio of 15.40, a P/E/G ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm posted $4.69 earnings per share. The company's revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on BLD. Truist Financial dropped their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Loop Capital decreased their price target on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group dropped 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. Finally, Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $398.56.

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.