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

Principal Financial Group Inc. grew its position in shares of TopBuild Corp. (NYSE:BLD) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,612 shares of the construction company’s stock after buying an additional 1,265 shares during the period. Principal Financial Group Inc. owned 0.40% of TopBuild worth $36,306,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BLD. FMR LLC lifted its holdings in TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after purchasing an additional 161,743 shares in the last quarter. State Street Corp lifted its holdings in TopBuild by 3.2% during the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after purchasing an additional 34,911 shares in the last quarter. Geode Capital Management LLC lifted its holdings in TopBuild by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after purchasing an additional 12,909 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in TopBuild by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company’s stock worth $91,076,000 after purchasing an additional 11,762 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in TopBuild by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company’s stock worth $94,955,000 after purchasing an additional 5,982 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

TopBuild Stock Performance

Shares of NYSE BLD opened at $303.78 on Friday. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.92 and a beta of 1.85. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 1-year low of $302.27 and a 1-year high of $495.68. The stock’s 50-day moving average is $327.76 and its 200 day moving average is $362.48.

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.