Vanguard Group Inc. Trims Stock Holdings in TopBuild Corp. $BLD

Vanguard Group Inc. lowered its position in shares of TopBuild Corp. (NYSE:BLD) by 2.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,626,078 shares of the construction company’s stock after selling 62,206 shares during the quarter. Vanguard Group Inc. owned about 9.36% of TopBuild worth $1,026,429,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Smithfield Trust Co raised its stake in shares of TopBuild by 58.6% in the third quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock worth $44,000 after purchasing an additional 41 shares during the last quarter. Petra Financial Advisors Inc. acquired a new position in TopBuild in the 3rd quarter worth approximately $618,000. State of New Jersey Common Pension Fund D raised its position in TopBuild by 3.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 9,610 shares of the construction company’s stock worth $3,756,000 after buying an additional 278 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in TopBuild by 10.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,844 shares of the construction company’s stock valued at $2,675,000 after acquiring an additional 628 shares during the period. Finally, Aberdeen Group plc boosted its holdings in shares of TopBuild by 36.5% in the 3rd quarter. Aberdeen Group plc now owns 46,808 shares of the construction company’s stock valued at $18,379,000 after acquiring an additional 12,509 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity at TopBuild

In other news, VP Luis Francisco Machado sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the transaction, the vice president directly owned 9,349 shares of the company’s stock, valued at $4,210,789.60. This represents a 9.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BLD has been the subject of several recent research reports. Evercore reduced their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. Royal Bank Of Canada assumed coverage on TopBuild in a report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price objective for the company. DA Davidson reaffirmed a “buy” rating and set a $485.00 target price on shares of TopBuild in a report on Wednesday, December 10th. Wells Fargo & Company lifted their price target on TopBuild from $540.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings upgraded TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $443.73.

TopBuild Price Performance

Shares of TopBuild stock opened at $519.52 on Friday. The firm has a market cap of $14.58 billion, a PE ratio of 26.37, a P/E/G ratio of 8.51 and a beta of 1.70. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $559.47. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. The business has a 50-day moving average price of $474.31 and a 200 day moving average price of $442.03.

TopBuild Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.