Massachusetts Financial Services Co. MA Has $51.31 Million Stock Position in TopBuild Corp. (NYSE:BLD)

Massachusetts Financial Services Co. MA lessened its stake in shares of TopBuild Corp. (NYSE:BLD) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 164,806 shares of the construction company’s stock after selling 14,018 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.56% of TopBuild worth $51,311,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp raised its holdings in TopBuild by 3.2% in the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after buying an additional 34,911 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock valued at $271,331,000 after acquiring an additional 40,916 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of TopBuild by 2.1% during the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after purchasing an additional 12,909 shares during the period. Norges Bank bought a new stake in shares of TopBuild in the fourth quarter worth $108,688,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in TopBuild by 4.2% in 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 purchasing an additional 11,762 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Up 6.7 %

Shares of TopBuild stock opened at $303.28 on Friday. The stock has a market capitalization of $8.87 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.82 and a beta of 1.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company has a 50-day simple moving average of $314.95 and a two-hundred day simple moving average of $346.40. TopBuild Corp. has a 52-week low of $272.24 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last posted 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 return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business earned $4.69 earnings per share. TopBuild’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Loop Capital lowered their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Benchmark lowered their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $398.56.

About TopBuild

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.