TopBuild Corp. (NYSE:BLD) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 1.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,171 shares of the construction company's stock after acquiring an additional 1,684 shares during the quarter. Royal London Asset Management Ltd. owned 0.34% of TopBuild worth $40,751,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC lifted its holdings in TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock valued at $744,663,000 after acquiring an additional 161,743 shares during the period. Liontrust Investment Partners LLP lifted its holdings in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock valued at $127,929,000 after acquiring an additional 57,880 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of TopBuild in the third quarter valued at $114,220,000. Bank of New York Mellon Corp increased its position in shares of TopBuild by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company's stock valued at $100,927,000 after buying an additional 2,133 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of TopBuild by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company's stock valued at $94,955,000 after buying an additional 5,982 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

BLD has been the subject of a number of research analyst reports. Stephens dropped their price target on TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. Evercore ISI dropped their price target on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Jefferies Financial Group dropped their price target on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. DA Davidson dropped their price objective on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Finally, StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $440.44.

TopBuild Trading Up 0.4 %

NYSE:BLD traded up $1.64 during mid-day trading on Friday, reaching $375.75. The company's stock had a trading volume of 234,233 shares, compared to its average volume of 287,878. The company's fifty day simple moving average is $379.23 and its two-hundred day simple moving average is $394.63. 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 Corp. has a twelve month low of $314.52 and a twelve month high of $495.68. The stock has a market cap of $11.08 billion, a P/E ratio of 18.96, a P/E/G ratio of 2.47 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company's revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.43 EPS. On average, equities analysts predict that TopBuild Corp. will post 20.99 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.