Geode Capital Management LLC Cuts Position in TopBuild Corp. (NYSE:BLD)

Geode Capital Management LLC lowered its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 624,783 shares of the construction company's stock after selling 3,206 shares during the quarter. Geode Capital Management LLC owned about 2.12% of TopBuild worth $194,569,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BLD. Quantbot Technologies LP bought a new stake in shares of TopBuild during the 3rd quarter valued at about $45,000. Quantinno Capital Management LP lifted its stake in TopBuild by 10.8% in the third quarter. Quantinno Capital Management LP now owns 3,203 shares of the construction company's stock valued at $1,303,000 after buying an additional 313 shares during the period. State Street Corp boosted its holdings in shares of TopBuild by 3.2% during the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company's stock worth $455,639,000 after buying an additional 34,911 shares in the last quarter. Insigneo Advisory Services LLC grew its position in shares of TopBuild by 52.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 919 shares of the construction company's stock worth $374,000 after buying an additional 318 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $344,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Up 1.4 %

Shares of TopBuild stock traded up $3.97 on Friday, hitting $288.86. The company had a trading volume of 265,088 shares, compared to its average volume of 318,421. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a 50 day moving average of $307.18 and a 200-day moving average of $340.99. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 1.82 and a beta of 1.78.

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

Analysts Set New Price Targets

BLD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. Benchmark dropped their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Loop Capital reduced their target price on TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group decreased their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $398.56.

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.