Dimensional Fund Advisors LP Trims Stock Position in TopBuild Corp. (NYSE:BLD)

Dimensional Fund Advisors LP decreased its stake in TopBuild Corp. (NYSE:BLD) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 399,287 shares of the construction company’s stock after selling 37,497 shares during the period. Dimensional Fund Advisors LP’s holdings in TopBuild were worth $153,830,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in TopBuild by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after acquiring an additional 15,965 shares in the last quarter. Capital International Investors lifted its holdings in shares of TopBuild by 14.0% in the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock valued at $605,200,000 after purchasing an additional 198,614 shares during the last quarter. Norges Bank acquired a new stake in shares of TopBuild in the 4th quarter valued at about $154,983,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in TopBuild by 53.0% during the 4th 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 buying an additional 130,563 shares during the last quarter. Finally, Liontrust Investment Partners LLP increased its position in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after buying an additional 57,880 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BLD shares. DA Davidson lowered their target price on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Truist Financial lowered their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Evercore ISI reduced their target price on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group raised their price target on TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Stephens reduced their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $449.00.

TopBuild Price Performance

Shares of BLD opened at $406.02 on Friday. The firm has a market capitalization of $12.92 billion, a PE ratio of 20.46, a P/E/G ratio of 2.27 and a beta of 1.77. The stock’s 50 day moving average is $405.73 and its two-hundred day moving average is $407.16. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $495.68. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the company earned $5.25 EPS. The company’s revenue was up 3.7% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 21.18 earnings per share for the current year.

TopBuild 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.