Vaughan Nelson Investment Management L.P. Raises Stake in TopBuild Corp. (NYSE:BLD)

Vaughan Nelson Investment Management L.P. increased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,531 shares of the construction company's stock after buying an additional 11,762 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.99% of TopBuild worth $91,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in BLD. FMR LLC lifted its stake in shares of TopBuild by 9.7% in the third 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 last quarter. State Street Corp grew its stake in shares of TopBuild by 3.2% in the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company's stock valued at $455,639,000 after purchasing an additional 34,911 shares during the period. Geode Capital Management LLC raised its stake in TopBuild by 2.1% during the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company's stock worth $255,526,000 after acquiring an additional 12,909 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in TopBuild by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company's stock valued at $94,955,000 after purchasing an additional 5,982 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of TopBuild by 37.3% in the 3rd 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLD has been the topic of several research reports. Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group lowered their price target on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and cut their price target for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $437.00.

TopBuild Stock Performance

TopBuild stock traded down $7.03 during mid-day trading on Wednesday, reaching $321.92. The company's stock had a trading volume of 197,898 shares, compared to its average volume of 264,254. TopBuild Corp. has a 12-month low of $302.70 and a 12-month high of $495.68. The company has a market capitalization of $9.50 billion, a P/E ratio of 16.24, a PEG ratio of 2.03 and a beta of 1.85. 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's fifty day moving average price is $334.14 and its two-hundred day moving average price is $368.52.

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.