Deutsche Bank AG reduced its holdings in TopBuild Corp. (NYSE:BLD – Get Rating) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,151 shares of the construction company’s stock after selling 11,353 shares during the quarter. Deutsche Bank AG owned 0.97% of TopBuild worth $48,692,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in TopBuild by 0.5% in the 3rd quarter. BlackRock Inc. now owns 3,050,936 shares of the construction company’s stock valued at $502,732,000 after acquiring an additional 15,777 shares during the period. Capital International Investors increased its position in TopBuild by 135.6% in the 1st quarter. Capital International Investors now owns 913,930 shares of the construction company’s stock valued at $165,778,000 after acquiring an additional 526,053 shares during the period. Dimensional Fund Advisors LP increased its position in TopBuild by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 782,101 shares of the construction company’s stock valued at $122,394,000 after acquiring an additional 49,620 shares during the period. Geode Capital Management LLC increased its position in TopBuild by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 431,662 shares of the construction company’s stock valued at $67,550,000 after acquiring an additional 18,788 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in TopBuild by 3.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 312,100 shares of the construction company’s stock valued at $56,612,000 after acquiring an additional 11,463 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.
TopBuild Stock Performance
Shares of TopBuild stock opened at $228.96 on Friday. The stock has a market cap of $7.27 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 2.54 and a beta of 1.50. The business has a fifty day simple moving average of $210.89 and a 200-day simple moving average of $191.98. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.68. TopBuild Corp. has a 12 month low of $140.66 and a 12 month high of $232.90.
Insider Transactions at TopBuild
In other news, insider Steven P. Raia sold 6,223 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $213.00, for a total value of $1,325,499.00. Following the completion of the sale, the insider now owns 14,670 shares of the company’s stock, valued at $3,124,710. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Tina Donikowski sold 1,480 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $212.13, for a total transaction of $313,952.40. Following the completion of the sale, the director now directly owns 4,400 shares in the company, valued at $933,372. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Steven P. Raia sold 6,223 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $213.00, for a total value of $1,325,499.00. Following the sale, the insider now owns 14,670 shares of the company’s stock, valued at $3,124,710. The disclosure for this sale can be found here. Insiders sold a total of 12,403 shares of company stock valued at $2,648,728 over the last quarter. Company insiders own 0.46% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Loop Capital lifted their price target on TopBuild from $210.00 to $225.00 in a research report on Friday, May 5th. Bank of America began coverage on TopBuild in a research report on Tuesday, May 23rd. They set a “buy” rating and a $225.00 price target on the stock. StockNews.com began coverage on TopBuild in a research note on Thursday, May 18th. They set a “buy” rating for the company. Finally, Stephens raised their price objective on TopBuild from $230.00 to $250.00 in a research note on Monday, May 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $226.00.
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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.
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