Principal Financial Group Inc. Has $46.92 Million Position in TopBuild Corp. (NYSE:BLD)

Principal Financial Group Inc. lessened its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 13.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,347 shares of the construction company's stock after selling 18,615 shares during the quarter. Principal Financial Group Inc. owned about 0.36% of TopBuild worth $46,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of TopBuild during the 2nd quarter worth approximately $30,000. Allspring Global Investments Holdings LLC bought a new position in TopBuild during the 1st quarter worth approximately $31,000. UMB Bank n.a. boosted its stake in TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after acquiring an additional 62 shares during the last quarter. Headlands Technologies LLC bought a new position in TopBuild during the 1st quarter worth approximately $56,000. Finally, Blue Trust Inc. boosted its stake in TopBuild by 27.4% during the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock worth $113,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BLD. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Stephens reduced their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. DA Davidson reduced their price objective on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday. Evercore ISI reduced their price objective on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and an average price target of $440.44.

TopBuild Stock Up 0.4 %

Shares of BLD stock traded up $1.59 during trading on Monday, reaching $370.48. The company's stock had a trading volume of 248,831 shares, compared to its average volume of 288,000. The business has a fifty day moving average price of $384.21 and a 200-day moving average price of $399.16. The company has a quick ratio of 1.82, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.32 and a beta of 1.79. TopBuild Corp. has a one year low of $266.42 and a one year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts' consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $5.43 earnings per share. Analysts anticipate that TopBuild Corp. will post 21.06 earnings per share 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.