Boston Common Asset Management LLC Sells 5,823 Shares of TopBuild Corp. (NYSE:BLD)

Boston Common Asset Management LLC lessened its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 13.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,234 shares of the construction company's stock after selling 5,823 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.11% of TopBuild worth $14,740,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BLD. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in TopBuild by 53.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company's stock valued at $140,993,000 after buying an additional 130,563 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of TopBuild by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 300,001 shares of the construction company's stock valued at $112,279,000 after acquiring an additional 23,267 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of TopBuild by 44.8% during the fourth quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company's stock worth $8,327,000 after purchasing an additional 6,887 shares during the period. Vanguard Group Inc. grew its stake in shares of TopBuild by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,974,062 shares of the construction company's stock worth $1,113,072,000 after purchasing an additional 23,906 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new stake in TopBuild in the fourth quarter valued at $636,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BLD shares. Evercore ISI reduced their price target on TopBuild from $555.00 to $489.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. DA Davidson decreased their target price on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, August 9th. StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a report on Friday. Jefferies Financial Group reduced their price objective on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Truist Financial lowered their target price on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $446.67.

TopBuild Stock Up 0.2 %

BLD traded up $0.65 during midday trading on Friday, hitting $386.21. The company had a trading volume of 190,858 shares, compared to its average volume of 287,331. The stock's 50 day moving average price is $387.90 and its 200 day moving average price is $405.32. TopBuild Corp. has a 52 week low of $217.08 and a 52 week high of $495.68. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.45 and a beta of 1.77. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company posted $5.25 earnings per share. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that TopBuild Corp. will post 21.08 earnings per share for the current fiscal 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.