Geode Capital Management LLC Has $255.53 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Geode Capital Management LLC raised its stake in TopBuild Corp. (NYSE:BLD) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 627,989 shares of the construction company’s stock after purchasing an additional 12,909 shares during the period. Geode Capital Management LLC owned 2.13% of TopBuild worth $255,526,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vestcor Inc grew its stake in TopBuild by 17.0% in the 3rd quarter. Vestcor Inc now owns 2,293 shares of the construction company’s stock valued at $933,000 after buying an additional 334 shares during the last quarter. PYA Waltman Capital LLC bought a new stake in shares of TopBuild during the third quarter worth approximately $1,591,000. Public Employees Retirement System of Ohio boosted its holdings in shares of TopBuild by 6.4% during the third quarter. Public Employees Retirement System of Ohio now owns 18,910 shares of the construction company’s stock worth $7,693,000 after acquiring an additional 1,137 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of TopBuild by 281.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 381 shares of the construction company’s stock valued at $155,000 after purchasing an additional 281 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of TopBuild during the third quarter worth approximately $413,000. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Performance

Shares of TopBuild stock opened at $344.27 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company has a market cap of $10.16 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The company has a 50 day moving average of $375.48 and a 200-day moving average of $393.05. TopBuild Corp. has a 1-year low of $340.13 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company earned $5.43 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts forecast that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BLD shares. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday. Evercore ISI lowered their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. DA Davidson cut their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Jefferies Financial Group decreased their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $447.13.

About TopBuild

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.