Royal London Asset Management Ltd. Has $41.70 Million Stake in TopBuild Corp. (NYSE:BLD)

Royal London Asset Management Ltd. grew its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 33.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 133,934 shares of the construction company's stock after acquiring an additional 33,763 shares during the period. Royal London Asset Management Ltd. owned about 0.45% of TopBuild worth $41,699,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Pitcairn Co. lifted its holdings in shares of TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock valued at $903,000 after purchasing an additional 1,422 shares during the last quarter. TT International Asset Management LTD lifted its stake in TopBuild by 33.3% during the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock valued at $5,847,000 after buying an additional 4,694 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of TopBuild by 704.6% in the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock worth $933,000 after buying an additional 2,008 shares during the period. Van ECK Associates Corp increased its position in shares of TopBuild by 57.8% in the fourth quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after acquiring an additional 11,948 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position 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 acquiring an additional 48,562 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of research firms recently commented on BLD. Loop Capital decreased their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and dropped their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group lowered their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, TopBuild currently has a consensus rating of "Moderate Buy" and an average price target of $403.88.

TopBuild Stock Down 0.7 %

Shares of BLD traded down $2.24 during midday trading on Tuesday, reaching $312.86. 339,635 shares of the stock were exchanged, compared to its average volume of 301,954. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.82 and a beta of 1.89. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 12-month low of $288.31 and a 12-month high of $495.68. The firm has a 50 day simple moving average of $322.43 and a 200-day simple moving average of $350.56.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.69 earnings per share. Research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

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.