Bank of New York Mellon Corp Has $81.06 Million Stock Position in TopBuild Corp. $BLD

Bank of New York Mellon Corp reduced its position in shares of TopBuild Corp. (NYSE:BLD) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,297 shares of the construction company’s stock after selling 31,612 shares during the period. Bank of New York Mellon Corp’s holdings in TopBuild were worth $81,059,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in shares of TopBuild by 1.8% during the third quarter. Capital Research Global Investors now owns 3,496,884 shares of the construction company’s stock worth $1,366,806,000 after buying an additional 62,690 shares during the last quarter. Capital World Investors grew its stake in shares of TopBuild by 1.8% during the third quarter. Capital World Investors now owns 864,574 shares of the construction company’s stock worth $337,927,000 after buying an additional 15,009 shares during the last quarter. Bank of America Corp DE grew its stake in shares of TopBuild by 14.8% during the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after buying an additional 109,572 shares during the last quarter. Boston Partners grew its stake in shares of TopBuild by 1.0% during the third quarter. Boston Partners now owns 781,561 shares of the construction company’s stock worth $305,662,000 after buying an additional 7,400 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of TopBuild by 7.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 697,047 shares of the construction company’s stock worth $290,811,000 after buying an additional 50,762 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BLD. Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Wells Fargo & Company decreased their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. UBS Group set a $440.00 target price on shares of TopBuild in a research note on Wednesday, May 6th. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $466.77.

TopBuild Stock Down 0.7%

Shares of BLD opened at $398.89 on Tuesday. The company has a market capitalization of $11.18 billion, a PE ratio of 22.41, a PEG ratio of 5.42 and a beta of 1.80. TopBuild Corp. has a 12 month low of $293.14 and a 12 month high of $559.47. The stock’s 50-day moving average price is $408.31 and its two-hundred day moving average price is $433.78. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16.

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 return on equity of 23.53% and a net margin of 8.95%.The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.63 EPS. On average, analysts anticipate that TopBuild Corp. will post 18.16 EPS for the current year.

TopBuild Profile

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.