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Wellington Management Group LLP Decreases Stock Holdings in TopBuild Corp. (NYSE:BLD)

TopBuild logo with Construction background

Wellington Management Group LLP cut its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 32.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,533 shares of the construction company's stock after selling 58,323 shares during the quarter. Wellington Management Group LLP owned about 0.42% of TopBuild worth $50,254,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in 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 purchasing an additional 34,911 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in TopBuild by 10.8% in the third quarter. Quantinno Capital Management LP now owns 3,203 shares of the construction company's stock valued at $1,303,000 after purchasing an additional 313 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in TopBuild by 1.7% in the third quarter. Royal London Asset Management Ltd. now owns 100,171 shares of the construction company's stock valued at $40,751,000 after purchasing an additional 1,684 shares during the last quarter. Point72 DIFC Ltd boosted its holdings in TopBuild by 1.8% in the third quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company's stock valued at $1,031,000 after purchasing an additional 46 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of TopBuild by 0.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 91,121 shares of the construction company's stock worth $37,069,000 after acquiring an additional 473 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Down 2.0 %

Shares of BLD traded down $7.24 during midday trading on Thursday, reaching $359.10. The stock had a trading volume of 112,956 shares, compared to its average volume of 286,765. TopBuild Corp. has a 1-year low of $317.72 and a 1-year high of $495.68. The company's fifty day simple moving average is $377.15 and its two-hundred day simple moving average is $393.83. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.37 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $5.43 EPS. Equities research analysts expect that TopBuild Corp. will post 20.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BLD. DA Davidson reduced their price target on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group dropped their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Evercore ISI dropped their price target on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $440.44.

View Our Latest Research Report on BLD

About TopBuild

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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