TopBuild Corp. (NYSE:BLD) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,321 shares of the construction company's stock after selling 2,800 shares during the quarter. Swiss National Bank owned 0.20% of TopBuild worth $18,469,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its stake in TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock worth $744,663,000 after buying an additional 161,743 shares during the period. State Street Corp increased its stake in 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 during the period. Geode Capital Management LLC increased its stake in TopBuild by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company's stock worth $255,526,000 after buying an additional 12,909 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in TopBuild by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock worth $91,076,000 after buying an additional 11,762 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in TopBuild by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company's stock worth $78,329,000 after buying an additional 18,174 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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TopBuild Stock Down 2.6 %

Shares of NYSE BLD traded down $7.98 during mid-day trading on Friday, reaching $298.57. The company had a trading volume of 739,264 shares, compared to its average volume of 301,388. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $322.42 and a two-hundred day simple moving average of $351.17. The stock has a market cap of $8.73 billion, a P/E ratio of 15.06, a PEG ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 52-week low of $288.31 and a 52-week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last posted its 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $4.69 EPS. Sell-side analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BLD shares. Benchmark cut their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Truist Financial cut their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. The Goldman Sachs Group dropped their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and dropped their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and a consensus price target of $403.88.

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.