Franklin Resources Inc. Sells 2,560 Shares of TopBuild Corp. (NYSE:BLD)

Franklin Resources Inc. trimmed its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 51.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,461 shares of the construction company's stock after selling 2,560 shares during the period. Franklin Resources Inc.'s holdings in TopBuild were worth $987,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in TopBuild during the second quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild during the third quarter valued at approximately $31,000. Kennebec Savings Bank purchased a new stake in shares of TopBuild in the 3rd quarter valued at approximately $45,000. Quantbot Technologies LP acquired a new position in TopBuild in the 3rd quarter worth approximately $45,000. Finally, UMB Bank n.a. grew its position in TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Down 1.0 %

BLD traded down $3.13 during midday trading on Friday, hitting $310.67. 219,813 shares of the company's stock traded hands, compared to its average volume of 291,756. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market cap of $9.17 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The stock's fifty day simple moving average is $359.65 and its 200-day simple moving average is $386.87. TopBuild Corp. has a one year low of $304.20 and a one year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts' consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.43 EPS. As a group, equities analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLD has been the subject of a number of research analyst reports. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Evercore ISI downgraded TopBuild from an "outperform" rating to an "inline" rating and reduced their price objective for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Jefferies Financial Group reduced their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Finally, DA Davidson lowered their price objective on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, TopBuild presently has an average rating of "Moderate Buy" and an average price target of $439.38.

TopBuild 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.