Vaughan Nelson Investment Management L.P. Makes New $114.22 Million Investment in TopBuild Corp. (NYSE:BLD)

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TopBuild Corp. (NYSE:BLD) in the third quarter, according to its most recent filing with the SEC. The firm purchased 280,769 shares of the construction company’s stock, valued at approximately $114,220,000. Vaughan Nelson Investment Management L.P. owned 0.93% of TopBuild at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in TopBuild by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock worth $1,317,795,000 after purchasing an additional 15,965 shares in the last quarter. Liontrust Investment Partners LLP grew its position in shares of TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after purchasing an additional 57,880 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of TopBuild by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock worth $100,927,000 after purchasing an additional 2,133 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after acquiring an additional 25,973 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in TopBuild by 7.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company’s stock valued at $53,097,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of NYSE BLD opened at $347.04 on Friday. The stock has a market capitalization of $10.24 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.26 and a beta of 1.79. The firm’s 50-day moving average price is $383.49 and its two-hundred day moving average price is $397.79. TopBuild Corp. has a 52-week low of $290.00 and a 52-week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the firm earned $5.43 EPS. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that TopBuild Corp. will post 21 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on BLD shares. Truist Financial dropped their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Evercore ISI decreased their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Stephens cut their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

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.