TopBuild Corp. (NYSE:BLD) Stock Holdings Lifted by Fmr LLC

FMR LLC raised its position in TopBuild Corp. (NYSE:BLD - Free Report) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,830,493 shares of the construction company's stock after buying an additional 161,743 shares during the period. FMR LLC owned approximately 6.20% of TopBuild worth $744,663,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BLD. Vaughan Nelson Investment Management L.P. purchased a new position in TopBuild in the third quarter valued at about $114,220,000. Jennison Associates LLC raised its position in shares of TopBuild by 2,833.6% in the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company's stock valued at $46,389,000 after purchasing an additional 110,143 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of TopBuild during the 3rd quarter valued at approximately $41,981,000. Liontrust Investment Partners LLP grew its position in shares of TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock worth $127,929,000 after buying an additional 57,880 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock worth $72,747,000 after buying an additional 48,562 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on BLD. Evercore ISI reduced their price objective on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Truist Financial decreased their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group cut their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Finally, DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $440.44.

TopBuild Stock Performance

Shares of NYSE:BLD traded up $0.64 on Friday, hitting $390.64. The company's stock had a trading volume of 129,655 shares, compared to its average volume of 288,510. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a 12 month low of $292.50 and a 12 month high of $495.68. The stock's 50-day moving average is $381.59 and its two-hundred day moving average is $395.77.

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 analysts' consensus estimates 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 net margin of 11.66% and a return on equity of 26.40%. TopBuild's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.43 EPS. On average, equities research analysts forecast that TopBuild Corp. will post 20.99 EPS 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.