Principal Financial Group Inc. Increases Holdings in TopBuild Corp. (NYSE:BLD)

Principal Financial Group Inc. lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,612 shares of the construction company’s stock after buying an additional 1,265 shares during the period. Principal Financial Group Inc.’s holdings in TopBuild were worth $36,306,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Winch Advisory Services LLC purchased a new position in TopBuild in the 4th quarter worth approximately $26,000. Versant Capital Management Inc increased its stake in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in TopBuild in the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC increased its stake in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the period. Finally, Kennebec Savings Bank purchased a new position in TopBuild in the 3rd quarter worth approximately $45,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Down 5.5 %

NYSE BLD opened at $303.78 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a twelve month low of $302.27 and a twelve month high of $495.68. The firm has a market capitalization of $8.96 billion, a PE ratio of 15.33, a P/E/G ratio of 1.92 and a beta of 1.85. The stock’s 50 day moving average is $327.76 and its 200 day moving average is $362.48.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BLD shares. DA Davidson decreased their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group decreased their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and reduced their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.00.

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.