TopBuild Corp. $BLD Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. reduced its position in TopBuild Corp. (NYSE:BLD) by 31.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,368 shares of the construction company’s stock after selling 116,180 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.89% of TopBuild worth $97,468,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLD. MAI Capital Management raised its holdings in TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after buying an additional 26 shares during the period. CWM LLC raised its stake in shares of TopBuild by 6.6% in the 3rd quarter. CWM LLC now owns 419 shares of the construction company’s stock valued at $164,000 after acquiring an additional 26 shares during the period. Secure Asset Management LLC lifted its holdings in shares of TopBuild by 1.3% during the 2nd quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company’s stock valued at $702,000 after acquiring an additional 27 shares in the last quarter. UMB Bank n.a. boosted its position in TopBuild by 8.0% during the 2nd quarter. UMB Bank n.a. now owns 364 shares of the construction company’s stock worth $118,000 after purchasing an additional 27 shares during the period. Finally, Franklin Resources Inc. boosted its position in TopBuild by 2.0% during the 2nd quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company’s stock worth $555,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insiders Place Their Bets

In related news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of the sale, the vice president directly owned 9,349 shares of the company’s stock, valued at $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is currently owned by corporate insiders.

TopBuild Stock Up 0.3%

Shares of NYSE:BLD opened at $443.99 on Wednesday. The firm has a market cap of $12.46 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 7.31 and a beta of 1.68. The company has a fifty day simple moving average of $429.79 and a 200 day simple moving average of $410.75. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $461.49.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.14. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $5.68 EPS. On average, equities research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Truist Financial raised their price objective on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research report on Thursday, October 9th. Wells Fargo & Company started coverage on TopBuild in a report on Monday, November 17th. They set an “overweight” rating and a $500.00 target price on the stock. Jefferies Financial Group upped their price target on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Benchmark lifted their price objective on shares of TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Vertical Research initiated coverage on shares of TopBuild in a research report on Tuesday, October 21st. They set a “buy” rating and a $517.96 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.06.

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.