Wellington Management Group LLP Sells 21,542 Shares of TopBuild Corp. (NYSE:BLD)

Wellington Management Group LLP cut its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,991 shares of the construction company's stock after selling 21,542 shares during the quarter. Wellington Management Group LLP owned approximately 0.35% of TopBuild worth $31,754,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BLD. State Street Corp increased its position in shares of TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company's stock valued at $455,639,000 after acquiring an additional 34,911 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of TopBuild by 4.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock worth $271,331,000 after purchasing an additional 40,916 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 12,909 shares during the last quarter. Norges Bank bought a new stake in shares of TopBuild during the 4th quarter worth approximately $108,688,000. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of TopBuild by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock valued at $91,076,000 after buying an additional 11,762 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

BLD has been the topic of a number of recent analyst reports. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and lowered their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Truist Financial lowered their price objective 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. The Goldman Sachs Group cut their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Loop Capital lowered their price target on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $398.56.

TopBuild Stock Performance

Shares of NYSE BLD traded up $3.97 during trading hours on Friday, reaching $288.86. 265,088 shares of the stock were exchanged, compared to its average volume of 318,421. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 1.82 and a beta of 1.78. The stock's fifty day simple moving average is $307.18 and its 200 day simple moving average is $340.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts' consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion during 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 firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.69 earnings per share. Sell-side analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

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.