Crestline Management LP Invests $4.02 Million in TopBuild Corp. (NYSE:BLD)

Crestline Management LP acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,907 shares of the construction company's stock, valued at approximately $4,018,000.

A number of other large investors have also recently made changes to their positions in the business. Capital Research Global Investors lifted its stake in shares of TopBuild by 1.4% in the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock valued at $943,050,000 after buying an additional 41,047 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of TopBuild by 4.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock valued at $271,331,000 after buying an additional 40,916 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of TopBuild by 779.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock valued at $188,098,000 after buying an additional 535,478 shares in the last quarter. Invesco Ltd. lifted its stake in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after buying an additional 75,713 shares in the last quarter. Finally, Norges Bank bought a new position in shares of TopBuild during the fourth quarter valued at about $108,688,000. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Up 4.4%

Shares of NYSE:BLD traded up $12.89 during midday trading on Monday, reaching $308.15. The company's stock had a trading volume of 108,550 shares, compared to its average volume of 313,977. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68. The firm has a 50 day moving average of $296.74 and a 200-day moving average of $326.14. The firm has a market capitalization of $9.01 billion, a P/E ratio of 15.54, a PEG ratio of 1.82 and a beta of 1.72. 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 (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $4.81 EPS. On average, research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BLD. Truist Financial dropped their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. DA Davidson dropped their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday. Loop Capital dropped their price target on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday. Benchmark decreased their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and an average target price of $380.22.

About TopBuild

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.