Geode Capital Management LLC Has $209.30 Million Stock Position in TopBuild Corp. $BLD

Geode Capital Management LLC reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 21.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 501,574 shares of the construction company’s stock after selling 134,442 shares during the period. Geode Capital Management LLC’s holdings in TopBuild were worth $209,296,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BLD. Orion Porfolio Solutions LLC raised its holdings in TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after buying an additional 390,838 shares during the period. Westfield Capital Management Co. LP acquired a new stake in TopBuild in the 3rd quarter valued at approximately $87,955,000. Bank of America Corp DE raised its position in TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after buying an additional 109,572 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in TopBuild in the 4th quarter valued at approximately $37,239,000. Finally, UBS Group AG raised its position in TopBuild by 51.9% in the 3rd quarter. UBS Group AG now owns 246,889 shares of the construction company’s stock valued at $96,499,000 after buying an additional 84,307 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on BLD. Loop Capital lowered TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price on the stock. in a research report on Wednesday, May 6th. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. DA Davidson reissued a “neutral” rating and issued a $437.00 target price (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their target price on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $466.77.

TopBuild Stock Down 1.3%

NYSE:BLD opened at $406.73 on Wednesday. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80. TopBuild Corp. has a twelve month low of $281.06 and a twelve month high of $559.47. The stock’s 50 day moving average price is $402.73 and its two-hundred day moving average price is $434.30. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.63 EPS. Equities research analysts expect that TopBuild Corp. will post 18.15 earnings per share for the current fiscal year.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.