Dimensional Fund Advisors LP Trims Stock Position in TopBuild Corp. (NYSE:BLD)

Dimensional Fund Advisors LP trimmed its holdings in TopBuild Corp. (NYSE:BLD) by 8.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 399,287 shares of the construction company’s stock after selling 37,497 shares during the period. Dimensional Fund Advisors LP owned approximately 1.25% of TopBuild worth $153,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its holdings in shares of TopBuild by 18.2% during the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after purchasing an additional 25,973 shares during the period. Forge First Asset Management Inc. acquired a new position in TopBuild in the first quarter valued at about $16,158,000. Nordea Investment Management AB boosted its stake in TopBuild by 4,820.9% during the first quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock worth $12,825,000 after buying an additional 28,395 shares during the period. Norges Bank acquired a new stake in shares of TopBuild during the fourth quarter valued at about $154,983,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of TopBuild by 53.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock valued at $140,993,000 after acquiring an additional 130,563 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on BLD shares. Stephens dropped their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Truist Financial dropped their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Evercore ISI reduced their price target on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group lifted their price objective on shares of TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $449.00.

TopBuild Stock Down 3.3 %

Shares of NYSE:BLD opened at $406.02 on Friday. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The firm’s 50 day moving average price is $405.73 and its 200 day moving average price is $407.16. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 2.27 and a beta of 1.77.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. TopBuild’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.25 earnings per share. As a group, equities research analysts predict that TopBuild Corp. will post 21.18 earnings per share for the current fiscal year.

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.