Vaughan Nelson Investment Management L.P. Invests $114.22 Million in TopBuild Corp. (NYSE:BLD)

Vaughan Nelson Investment Management L.P. acquired a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 280,769 shares of the construction company's stock, valued at approximately $114,220,000. Vaughan Nelson Investment Management L.P. owned about 0.93% of TopBuild at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of TopBuild by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company's stock valued at $1,317,795,000 after buying an additional 15,965 shares during the last quarter. Liontrust Investment Partners LLP boosted its position in shares of TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock valued at $127,929,000 after buying an additional 57,880 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in TopBuild by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company's stock worth $100,927,000 after buying an additional 2,133 shares in the last quarter. Lazard Asset Management LLC raised its position in TopBuild by 18.2% in the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock worth $74,228,000 after buying an additional 25,973 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in TopBuild by 7.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company's stock valued at $53,097,000 after acquiring an additional 10,000 shares during the period. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BLD shares. Stephens decreased their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. Truist Financial decreased 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. DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Evercore ISI reduced their price objective on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group dropped their target price on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $440.44.

TopBuild Price Performance

Shares of BLD traded down $16.18 during mid-day trading on Friday, reaching $347.04. The stock had a trading volume of 405,194 shares, compared to its average volume of 311,382. The business has a fifty day moving average of $383.49 and a 200 day moving average of $397.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.19 and a beta of 1.79. TopBuild Corp. has a 12 month low of $290.00 and a 12 month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $5.43 EPS. TopBuild's revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts predict that TopBuild Corp. will post 21 EPS for the current 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.