TopBuild Corp. (NYSE:BLD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in TopBuild Corp. (NYSE:BLD) by 13.9% during the third quarter, HoldingsChannel.com reports. The fund owned 115,347 shares of the construction company’s stock after selling 18,615 shares during the quarter. Principal Financial Group Inc.’s holdings in TopBuild were worth $46,924,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after purchasing an additional 31 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in TopBuild by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock valued at $100,927,000 after acquiring an additional 2,133 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in TopBuild during the second quarter worth about $148,000. Whittier Trust Co. lifted its holdings in shares of TopBuild by 5.1% in the second quarter. Whittier Trust Co. now owns 35,819 shares of the construction company’s stock valued at $13,799,000 after purchasing an additional 1,738 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of TopBuild by 3.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 17,799 shares of the construction company’s stock valued at $6,857,000 after purchasing an additional 645 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Up 0.4 %

BLD opened at $310.28 on Monday. TopBuild Corp. has a 12 month low of $305.79 and a 12 month high of $495.68. The business has a 50-day moving average of $369.09 and a two-hundred day moving average of $390.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.43 earnings per share. On average, research analysts expect that TopBuild Corp. will post 20.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BLD. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Jefferies Financial Group reduced their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and a consensus price target of $439.38.

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.