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

Geode Capital Management LLC reduced its holdings in TopBuild Corp. (NYSE:BLD) by 21.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 owned approximately 1.79% of TopBuild worth $209,296,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Greenleaf Trust lifted its holdings in TopBuild by 1.8% in the fourth quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after buying an additional 22 shares during the period. Xponance Inc. grew its position in shares of TopBuild by 0.8% during the 3rd quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock worth $1,371,000 after buying an additional 27 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of TopBuild by 3.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 844 shares of the construction company’s stock valued at $330,000 after acquiring an additional 27 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of TopBuild by 4.0% in the 4th quarter. GAMMA Investing LLC now owns 734 shares of the construction company’s stock valued at $306,000 after acquiring an additional 28 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of TopBuild by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,644 shares of the construction company’s stock valued at $731,000 after acquiring an additional 28 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of BLD opened at $406.73 on Wednesday. The stock has a 50 day simple moving average of $402.73 and a 200 day simple moving average of $434.30. TopBuild Corp. has a 52-week low of $281.06 and a 52-week high of $559.47. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The firm has a market capitalization of $11.40 billion, a PE ratio of 22.85, a P/E/G ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS 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 the consensus estimate of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the company posted $4.63 EPS. Sell-side analysts predict that TopBuild Corp. will post 18.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BLD shares. DA Davidson reissued a “neutral” rating and set a $437.00 price objective (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Benchmark cut their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $466.77.

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.