TopBuild Corp. (NYSE:BLD) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 627,989 shares of the construction company's stock after acquiring an additional 12,909 shares during the quarter. Geode Capital Management LLC owned about 2.13% of TopBuild worth $255,526,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of TopBuild in the 2nd quarter valued at about $30,000. Kennebec Savings Bank purchased a new position in TopBuild in the third quarter valued at approximately $45,000. Quantbot Technologies LP acquired a new position in TopBuild during the third quarter valued at approximately $45,000. UMB Bank n.a. grew its stake in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after buying an additional 62 shares during the period. Finally, Private Trust Co. NA raised its stake in shares of TopBuild by 151.4% in the 3rd quarter. Private Trust Co. NA now owns 176 shares of the construction company's stock valued at $72,000 after acquiring an additional 106 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLD has been the subject of a number of research reports. DA Davidson decreased their price target on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Seaport Res Ptn lowered shares of TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, Evercore ISI decreased their target price on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $447.13.

TopBuild Stock Performance

Shares of BLD stock traded down $12.89 on Friday, hitting $344.27. 267,755 shares of the stock traded hands, compared to its average volume of 287,178. The company's fifty day moving average is $375.48 and its 200 day moving average is $393.01. TopBuild Corp. has a 1-year low of $340.13 and a 1-year high of $495.68. The company has a market capitalization of $10.16 billion, a PE ratio of 17.37, a PEG ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

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

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.