Great West Life Assurance Co. Can trimmed its holdings in TopBuild Corp. (NYSE:BLD) by 10.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,314 shares of the construction company’s stock after selling 5,579 shares during the quarter. Great West Life Assurance Co. Can owned about 0.14% of TopBuild worth $3,111,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its holdings in TopBuild by 7.2% in the second quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock valued at $152,272,000 after purchasing an additional 193,582 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of TopBuild by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,360,626 shares of the construction company’s stock valued at $125,278,000 after acquiring an additional 164,591 shares during the period. State Street Corp boosted its holdings in shares of TopBuild by 10.2% in the second quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock valued at $59,890,000 after acquiring an additional 104,562 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of TopBuild by 12.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,109,157 shares of the construction company’s stock valued at $58,863,000 after acquiring an additional 122,281 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of TopBuild by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 552,248 shares of the construction company’s stock valued at $29,307,000 after acquiring an additional 5,550 shares during the period. 94.93% of the stock is owned by hedge funds and other institutional investors.

Shares of TopBuild Corp. (BLD) opened at $65.24 on Wednesday. TopBuild Corp. has a 52 week low of $35.31 and a 52 week high of $69.34. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2,296.65, a P/E ratio of 25.31 and a beta of 0.61.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The business had revenue of $489.04 million during the quarter, compared to analysts’ expectations of $491.43 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. research analysts forecast that TopBuild Corp. will post 2.74 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on BLD shares. SunTrust Banks reissued a “buy” rating and issued a $75.00 price objective on shares of TopBuild in a report on Wednesday, October 4th. BidaskClub downgraded TopBuild from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. ValuEngine raised TopBuild from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Jefferies Group began coverage on TopBuild in a report on Tuesday. They issued a “buy” rating and a $79.00 price objective for the company. Finally, Nomura upped their price target on TopBuild from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. TopBuild currently has a consensus rating of “Buy” and an average price target of $63.29.

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TopBuild Profile

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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