TopBuild Corp. (NYSE:BLD) Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,445 shares of the construction company's stock after purchasing an additional 1,246 shares during the period. Assetmark Inc. owned approximately 0.06% of TopBuild worth $5,015,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BLD. QRG Capital Management Inc. raised its position in TopBuild by 3.8% during the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after acquiring an additional 48 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of TopBuild by 3.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock worth $6,192,000 after purchasing an additional 637 shares during the period. Algert Global LLC increased its holdings in shares of TopBuild by 69.7% during the 4th quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock valued at $2,189,000 after purchasing an additional 2,887 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of TopBuild by 192.7% in the 4th quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock valued at $5,407,000 after purchasing an additional 11,434 shares during the period. Finally, Ausbil Investment Management Ltd purchased a new stake in shares of TopBuild during the 1st quarter worth about $269,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Trading Up 1.6%

Shares of BLD traded up $5.81 during midday trading on Friday, reaching $376.24. The company had a trading volume of 216,761 shares, compared to its average volume of 360,861. The firm has a 50 day simple moving average of $330.99 and a 200-day simple moving average of $316.73. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10.76 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 4.83 and a beta of 1.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $436.99.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (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 business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $4.81 EPS. The business's revenue was down 3.6% compared to the same quarter last year. Research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Loop Capital increased their price objective on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price target on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Stephens cut their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Bank of America increased their target price on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, DA Davidson lowered their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, TopBuild has an average rating of "Moderate Buy" and an average price target of $387.27.

Insider Buying and Selling

In other news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction 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 directly owned 7,007 shares in the company, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is owned by corporate insiders.

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.