Algert Global LLC Boosts Stock Position in TopBuild Corp. (NYSE:BLD)

Algert Global LLC raised its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 69.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,031 shares of the construction company's stock after purchasing an additional 2,887 shares during the quarter. Algert Global LLC's holdings in TopBuild were worth $2,189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Research Global Investors lifted its holdings in shares of TopBuild by 1.4% during the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock worth $943,050,000 after purchasing an additional 41,047 shares during the period. Pictet Asset Management Holding SA raised its position in TopBuild by 4.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock worth $271,331,000 after buying an additional 40,916 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of TopBuild by 779.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after acquiring an additional 535,478 shares during the period. Invesco Ltd. boosted its holdings 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 acquiring an additional 75,713 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of TopBuild in the fourth quarter valued at about $108,688,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BLD shares. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Truist Financial decreased their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Benchmark cut their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. Finally, Loop Capital cut their price target on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $380.22.

TopBuild Price Performance

Shares of BLD stock traded down $5.54 during mid-day trading on Wednesday, reaching $307.61. The stock had a trading volume of 107,633 shares, compared to its average volume of 313,823. The company has a market cap of $8.79 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. 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 12-month low of $266.26 and a 12-month high of $495.68. The business has a 50-day simple moving average of $297.04 and a 200 day simple moving average of $325.67.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company earned $4.81 EPS. The firm's revenue was down 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Activity

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the transaction, the insider now directly owns 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.43% of the company's stock.

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.