Dimensional Fund Advisors LP Buys 2,703 Shares of TopBuild Corp. $BLD

Dimensional Fund Advisors LP grew its stake in TopBuild Corp. (NYSE:BLD) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,306 shares of the construction company’s stock after buying an additional 2,703 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.78% of TopBuild worth $175,720,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd purchased a new position in TopBuild during the fourth quarter valued at approximately $4,919,000. Emissary Wealth LLC purchased a new stake in shares of TopBuild in the fourth quarter worth $1,109,000. SG Americas Securities LLC increased its stake in shares of TopBuild by 144.7% in the fourth quarter. SG Americas Securities LLC now owns 33,204 shares of the construction company’s stock worth $13,852,000 after purchasing an additional 19,636 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of TopBuild by 3,781.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,558 shares of the construction company’s stock valued at $4,405,000 after purchasing an additional 10,286 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in shares of TopBuild by 1,058.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 9,265 shares of the construction company’s stock valued at $3,621,000 after purchasing an additional 8,465 shares during the period. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE:BLD opened at $354.53 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The firm has a fifty day moving average price of $389.00 and a 200 day moving average price of $421.02. TopBuild Corp. has a fifty-two week low of $321.67 and a fifty-two week high of $559.47. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.11. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. TopBuild’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the company posted $4.63 earnings per share. As a group, sell-side analysts expect that TopBuild Corp. will post 18.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLD has been the topic of a number of analyst reports. UBS Group set a $440.00 target price on shares of TopBuild in a research note on Wednesday, May 6th. Loop Capital cut TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target on the stock. in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. Evercore set a $360.00 target price on TopBuild in a research report on Monday, June 29th. Finally, DA Davidson reissued a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $465.00.

TopBuild Company 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.