Ausbil Investment Management Ltd Makes New Investment in TopBuild Corp. (NYSE:BLD)

Ausbil Investment Management Ltd purchased a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 883 shares of the construction company's stock, valued at approximately $269,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of TopBuild by 779.7% during 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. Norges Bank acquired a new position in TopBuild in the fourth quarter worth about $108,688,000. Westwood Holdings Group Inc. bought a new position in TopBuild during the fourth quarter worth about $80,844,000. Interval Partners LP bought a new position in TopBuild during the fourth quarter worth about $53,424,000. Finally, GAMMA Investing LLC boosted its holdings in TopBuild by 167,622.2% during the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock valued at $46,032,000 after purchasing an additional 150,860 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of NYSE:BLD traded up $1.75 during midday trading on Thursday, reaching $321.21. The company's stock had a trading volume of 220,280 shares, compared to its average volume of 325,464. The business's fifty day simple moving average is $296.45 and its 200-day simple moving average is $309.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company has a market capitalization of $9.18 billion, a P/E ratio of 16.25, a P/E/G ratio of 3.21 and a beta of 1.62.

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, topping analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm earned $4.81 EPS. The company's revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BLD shares. Truist Financial dropped their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. DA Davidson reduced their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen lowered shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Loop Capital dropped their target price on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $380.22.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by insiders.

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.