Capital Research Global Investors Has $943.05 Million Position in TopBuild Corp. (NYSE:BLD)

Capital Research Global Investors raised its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,029,012 shares of the construction company's stock after buying an additional 41,047 shares during the period. Capital Research Global Investors owned about 10.27% of TopBuild worth $943,050,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Winch Advisory Services LLC bought a new position in TopBuild during the fourth quarter valued at about $26,000. Versant Capital Management Inc raised its stake in shares of TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild in the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC boosted its position in TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after purchasing an additional 42 shares during the period. Finally, World Investment Advisors LLC acquired a new position in TopBuild during the third quarter valued at approximately $54,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Truist Financial dropped their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group decreased their price objective 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 dropped their target price on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Benchmark cut their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $398.56.

TopBuild Stock Performance

Shares of NYSE BLD traded up $6.53 during mid-day trading on Thursday, reaching $302.42. 290,335 shares of the company were exchanged, compared to its average volume of 315,415. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The stock has a market capitalization of $8.84 billion, a P/E ratio of 15.26, a P/E/G ratio of 1.82 and a beta of 1.78. The company's 50-day simple moving average is $300.25 and its 200-day simple moving average is $335.05. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

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