Wellington Management Group LLP Has $8.33 Million Stock Position in TopBuild Corp. (NYSE:BLD)

Wellington Management Group LLP raised its position in shares of TopBuild Corp. (NYSE:BLD) by 44.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,248 shares of the construction company’s stock after purchasing an additional 6,887 shares during the quarter. Wellington Management Group LLP owned approximately 0.07% of TopBuild worth $8,327,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BLD. Contravisory Investment Management Inc. acquired a new stake in shares of TopBuild during the fourth quarter worth $28,000. Principal Securities Inc. bought a new position in shares of TopBuild in the 4th quarter worth about $28,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of TopBuild in the 4th quarter valued at about $36,000. Northwest Financial Advisors bought a new stake in shares of TopBuild during the 4th quarter valued at about $41,000. Finally, USA Financial Formulas acquired a new position in TopBuild in the third quarter valued at approximately $85,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 0.0 %

NYSE:BLD opened at $381.50 on Friday. TopBuild Corp. has a 52 week low of $217.08 and a 52 week high of $452.87. The firm has a 50-day moving average price of $403.88 and a two-hundred day moving average price of $395.89. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.75 and a beta of 1.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm earned $4.36 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts expect that TopBuild Corp. will post 21.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stephens reiterated an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. Bank of America boosted their target price on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. DA Davidson began coverage on TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target on the stock. Evercore ISI boosted their price objective on TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group increased their target price on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and a consensus target price of $420.90.

Insiders Place Their Bets

In other news, Director Nancy M. Taylor sold 300 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $415.81, for a total transaction of $124,743.00. Following the completion of the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Robert M. Buck sold 5,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the transaction, the chief executive officer now owns 71,968 shares of the company’s stock, valued at approximately $29,054,920.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy M. Taylor sold 300 shares of TopBuild stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $415.81, for a total value of $124,743.00. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,340 shares of company stock valued at $3,407,994. Company insiders own 0.46% of the company’s stock.

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.