Goldman Sachs Group Inc. Has $41.08 Million Position in TopBuild Corp. (NYSE:BLD)

Goldman Sachs Group Inc. lowered its stake in shares of TopBuild Corp. (NYSE:BLD) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,756 shares of the construction company’s stock after selling 4,724 shares during the period. Goldman Sachs Group Inc. owned about 0.35% of TopBuild worth $41,077,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Capital International Investors boosted its stake in shares of TopBuild by 14.0% during the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock valued at $605,200,000 after buying an additional 198,614 shares during the period. FMR LLC boosted its holdings in TopBuild by 13.8% in the third quarter. FMR LLC now owns 1,100,719 shares of the construction company’s stock worth $276,941,000 after purchasing an additional 133,835 shares in the last quarter. Norges Bank bought a new stake in TopBuild in the fourth quarter worth $154,983,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in TopBuild by 53.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after purchasing an additional 130,563 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in TopBuild by 8.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 300,001 shares of the construction company’s stock worth $112,279,000 after purchasing an additional 23,267 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity at TopBuild

In related news, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total value of $1,045,125.00. Following the completion of the transaction, the chief executive officer now owns 69,468 shares of the company’s stock, valued at $29,041,097.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total value of $1,045,125.00. Following the completion of the transaction, the chief executive officer now owns 69,468 shares of the company’s stock, valued at $29,041,097.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nancy M. Taylor sold 300 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $415.81, for a total transaction of $124,743.00. Following the completion of the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,340 shares of company stock worth $3,407,994. Company insiders own 0.46% of the company’s stock.

TopBuild Stock Down 5.6 %

NYSE BLD opened at $388.15 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81. The firm has a 50-day simple moving average of $405.59 and a 200 day simple moving average of $393.47. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $452.87. The stock has a market cap of $12.35 billion, a PE ratio of 19.56, a PEG ratio of 1.90 and a beta of 1.75.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.25. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the company earned $4.36 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. On average, research analysts forecast that TopBuild Corp. will post 21.63 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a report on Friday, March 1st. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Evercore ISI upped their price objective on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. DA Davidson began coverage on shares of TopBuild in a report on Tuesday, March 5th. They set a “buy” rating and a $470.00 price target for the company. Finally, Stephens restated an “equal weight” rating and set a $425.00 price target on shares of TopBuild in a report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $420.90.

TopBuild Company 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.