TopBuild Corp. $BLD Shares Purchased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lifted its position in TopBuild Corp. (NYSE:BLD) by 14.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 272,338 shares of the construction company’s stock after buying an additional 34,916 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.97% of TopBuild worth $106,446,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Capital Research Global Investors boosted its holdings in 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 in the last quarter. Capital World Investors increased its holdings in shares of TopBuild by 1.8% in the third quarter. Capital World Investors now owns 864,574 shares of the construction company’s stock valued at $337,927,000 after buying an additional 15,009 shares in the last quarter. Bank of America Corp DE lifted its position in shares of TopBuild by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after acquiring an additional 109,572 shares during the last quarter. Boston Partners lifted its position in shares of TopBuild by 102.2% during the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock valued at $250,872,000 after acquiring an additional 391,299 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of TopBuild by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 496,055 shares of the construction company’s stock worth $193,891,000 after acquiring an additional 2,951 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Down 0.7%

NYSE:BLD opened at $384.22 on Wednesday. The company has a market capitalization of $10.81 billion, a P/E ratio of 21.00, a P/E/G ratio of 4.74 and a beta of 1.72. The stock’s 50 day moving average price is $477.22 and its 200 day moving average price is $443.41. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $559.47.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group boosted their price objective on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Royal Bank Of Canada lifted their target price on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. DA Davidson restated a “buy” rating and set a $485.00 price target on shares of TopBuild in a report on Wednesday, December 10th. Zacks Research downgraded shares of TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One investment 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. According to MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $439.26.

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.