Capital International Investors Decreases Position in TopBuild Corp. (NYSE:BLD)

Capital International Investors lowered its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,124,951 shares of the construction company's stock after selling 264,741 shares during the quarter. Capital International Investors owned 3.81% of TopBuild worth $350,242,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BLD. Canada Pension Plan Investment Board purchased a new stake in TopBuild during the fourth quarter worth about $4,079,000. Jump Financial LLC purchased a new stake in shares of TopBuild during the 4th quarter worth approximately $2,177,000. Anchor Investment Management LLC grew its holdings in shares of TopBuild by 16.8% in the 4th quarter. Anchor Investment Management LLC now owns 1,037 shares of the construction company's stock worth $323,000 after acquiring an additional 149 shares during the period. Promethos Capital LLC increased its stake in TopBuild by 3.6% in the 4th quarter. Promethos Capital LLC now owns 10,830 shares of the construction company's stock valued at $3,372,000 after purchasing an additional 380 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in TopBuild by 59.1% during the fourth quarter. XTX Topco Ltd now owns 3,853 shares of the construction company's stock worth $1,200,000 after purchasing an additional 1,431 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Loop Capital lowered their price target on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Finally, Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $398.56.

TopBuild Trading Up 1.5 %

Shares of NYSE BLD traded up $4.50 on Thursday, reaching $300.39. 149,171 shares of the company traded hands, compared to its average volume of 314,862. The stock has a market capitalization of $8.78 billion, a PE ratio of 15.17, a P/E/G ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two 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. The company has a 50 day moving average of $300.25 and a 200 day moving average of $335.05.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $4.69 earnings per share. TopBuild's revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share 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.