Royal London Asset Management Ltd. Increases Stock Position in TopBuild Corp. (NYSE:BLD)

Royal London Asset Management Ltd. grew its position in TopBuild Corp. (NYSE:BLD) by 33.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,934 shares of the construction company’s stock after purchasing an additional 33,763 shares during the period. Royal London Asset Management Ltd.’s holdings in TopBuild were worth $41,699,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in shares of TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after purchasing an additional 161,743 shares during the last quarter. State Street Corp raised its holdings in shares of TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after purchasing an additional 34,911 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of TopBuild by 2.1% in the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after purchasing an additional 12,909 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in TopBuild by 4.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company’s stock valued at $91,076,000 after buying an additional 11,762 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in TopBuild by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company’s stock valued at $78,329,000 after buying an additional 18,174 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BLD shares. Loop Capital reduced their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Truist Financial reduced their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Benchmark reduced their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $403.88.

TopBuild Price Performance

BLD stock opened at $306.73 on Friday. The firm has a 50 day moving average of $322.72 and a 200-day moving average of $351.83. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 12 month low of $288.31 and a 12 month high of $495.68. The firm has a market capitalization of $8.97 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business earned $4.69 earnings per share. TopBuild’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that TopBuild Corp. will post 20.97 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.