Wells Fargo & Company MN Has $11.56 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Wells Fargo & Company MN lessened its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 39.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,131 shares of the construction company's stock after selling 24,525 shares during the period. Wells Fargo & Company MN owned 0.13% of TopBuild worth $11,560,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of TopBuild during the 4th quarter worth about $108,688,000. E. Ohman J or Asset Management AB acquired a new position in TopBuild during the fourth quarter valued at approximately $23,906,000. Jackson Square Partners LLC acquired a new stake in shares of TopBuild in the fourth quarter worth $19,462,000. Victory Capital Management Inc. boosted its holdings in shares of TopBuild by 116.9% during the 4th quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company's stock worth $29,442,000 after buying an additional 50,959 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in TopBuild by 4.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock valued at $271,331,000 after buying an additional 40,916 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Price Performance

BLD stock traded up $6.36 during trading on Friday, hitting $285.65. The company had a trading volume of 232,488 shares, compared to its average volume of 317,051. The company has a market cap of $8.35 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.82 and a beta of 1.78. The company has a fifty day moving average price of $302.52 and a two-hundred day moving average price of $336.42. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.06. The firm 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 last year, the firm posted $4.69 EPS. Equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BLD. Benchmark decreased their price target on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Truist Financial lowered their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Loop Capital cut their price target on TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Finally, The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $398.56.

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.