Charles Schwab Investment Management Inc. Acquires 5,982 Shares of TopBuild Corp. (NYSE:BLD)

Charles Schwab Investment Management Inc. grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 233,414 shares of the construction company’s stock after acquiring an additional 5,982 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.79% of TopBuild worth $94,955,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new stake in TopBuild in the 3rd quarter worth approximately $114,220,000. Jennison Associates LLC grew its holdings in shares of TopBuild by 2,833.6% in the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after acquiring an additional 110,143 shares during the period. Natixis Advisors LLC purchased a new stake in TopBuild during the third quarter valued at $41,981,000. Liontrust Investment Partners LLP lifted its holdings in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after purchasing an additional 48,562 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on BLD shares. Evercore ISI reduced their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. DA Davidson decreased their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Stephens cut their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Stock Performance

NYSE:BLD opened at $387.95 on Wednesday. TopBuild Corp. has a 12-month low of $292.20 and a 12-month high of $495.68. 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 stock has a market capitalization of $11.45 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.35 and a beta of 1.79. The stock has a 50-day moving average price of $382.64 and a 200 day moving average price of $396.04.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion for 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%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.43 earnings per share. Equities research analysts forecast that TopBuild Corp. will post 20.99 EPS for the current fiscal year.

TopBuild Profile

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.