Dimensional Fund Advisors LP Increases Stock Position in TopBuild Corp. $BLD

Dimensional Fund Advisors LP grew its holdings in shares of TopBuild Corp. (NYSE:BLD) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 496,055 shares of the construction company’s stock after buying an additional 2,951 shares during the period. Dimensional Fund Advisors LP owned 1.77% of TopBuild worth $193,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Root Financial Partners LLC purchased a new position in TopBuild during the 3rd quarter valued at about $34,000. SJS Investment Consulting Inc. grew its holdings in TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock worth $41,000 after purchasing an additional 103 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in TopBuild in the second quarter worth about $35,000. Smithfield Trust Co increased its stake in shares of TopBuild by 58.6% during the third quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock valued at $44,000 after purchasing an additional 41 shares in the last quarter. Finally, MAI Capital Management lifted its holdings in shares of TopBuild by 28.3% during the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLD has been the topic of a number of analyst reports. Jefferies Financial Group boosted their price target on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Wells Fargo & Company lowered their price objective on TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Zacks Research downgraded TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada increased their target price on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Finally, Benchmark reduced their price target on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $439.26.

TopBuild Trading Down 4.9%

NYSE:BLD opened at $388.11 on Monday. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 4.75 and a beta of 1.72. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. The company’s 50 day moving average price is $478.86 and its 200-day moving average price is $443.97. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $559.47.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, topping analysts’ consensus estimates of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business earned $5.13 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.