883 Shares in TopBuild Corp. (NYSE:BLD) Acquired by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd acquired a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 883 shares of the construction company's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLD. T. Rowe Price Investment Management Inc. grew 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 worth $188,098,000 after acquiring an additional 535,478 shares during the last quarter. Norges Bank purchased a new stake in TopBuild during the 4th quarter valued at about $108,688,000. Westwood Holdings Group Inc. purchased a new position in TopBuild in the fourth quarter worth about $80,844,000. Interval Partners LP bought a new position in shares of TopBuild in the fourth quarter worth approximately $53,424,000. Finally, GAMMA Investing LLC lifted its stake in shares of TopBuild by 167,622.2% in the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after buying an additional 150,860 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Activity

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

TopBuild Stock Performance

NYSE:BLD opened at $315.88 on Monday. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.47 and a current ratio of 2.02. The firm has a market capitalization of $9.03 billion, a PE ratio of 15.98, a P/E/G ratio of 3.18 and a beta of 1.62. The stock has a 50-day simple moving average of $293.47 and a two-hundred day simple moving average of $310.35.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The business's revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.81 earnings per share. Analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Loop Capital lowered their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Truist Financial cut their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective for the company. Finally, Stephens lowered their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $380.22.

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.

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