Amiral Gestion Acquires Shares of 1,560 TopBuild Corp. (NYSE:BLD)

Amiral Gestion bought a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,560 shares of the construction company's stock, valued at approximately $486,000. TopBuild accounts for 0.3% of Amiral Gestion's investment portfolio, making the stock its 26th biggest position.

Other institutional investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its position in 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 in the last quarter. Norges Bank acquired a new position in TopBuild during the 4th quarter worth approximately $108,688,000. Westwood Holdings Group Inc. acquired a new position in TopBuild during the 4th quarter worth approximately $80,844,000. Interval Partners LP acquired a new position in TopBuild during the 4th quarter worth approximately $53,424,000. Finally, Millennium Management LLC lifted its position in TopBuild by 63.4% during the 4th quarter. Millennium Management LLC now owns 237,646 shares of the construction company's stock worth $73,989,000 after acquiring an additional 92,187 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Activity at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider now owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on BLD shares. Stephens reduced their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Wall Street Zen lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Benchmark cut their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, Loop Capital cut their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, TopBuild presently has a consensus rating of "Moderate Buy" and an average price target of $380.22.

TopBuild Stock Performance

Shares of NYSE:BLD traded up $1.51 on Thursday, hitting $280.73. The company's stock had a trading volume of 83,384 shares, compared to its average volume of 314,654. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The stock's 50-day moving average is $293.94 and its two-hundred day moving average is $320.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the business posted $4.81 earnings per share. The company's quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

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.