Bank of New York Mellon Corp Acquires 5,265 Shares of TopBuild Corp. (NYSE:BLD)

Bank of New York Mellon Corp raised its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 236,600 shares of the construction company's stock after acquiring an additional 5,265 shares during the period. Bank of New York Mellon Corp owned about 0.81% of TopBuild worth $72,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BLD. Proficio Capital Partners LLC bought a new position in TopBuild during the fourth quarter valued at approximately $5,913,000. Raymond James Financial Inc. bought a new position in TopBuild during the fourth quarter valued at approximately $6,410,000. Amundi grew its holdings in shares of TopBuild by 23.9% in the fourth quarter. Amundi now owns 80,787 shares of the construction company's stock worth $25,811,000 after purchasing an additional 15,609 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TopBuild by 11.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,980 shares of the construction company's stock worth $3,730,000 after purchasing an additional 1,195 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of TopBuild by 29.9% in the fourth quarter. HighTower Advisors LLC now owns 2,884 shares of the construction company's stock worth $898,000 after purchasing an additional 663 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

Shares of TopBuild stock opened at $378.82 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $10.83 billion, a P/E ratio of 19.16, a P/E/G ratio of 4.24 and a beta of 1.64. The business has a fifty day simple moving average of $309.35 and a two-hundred day simple moving average of $311.20. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $4.81 earnings per share. On average, equities analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price on the stock. DA Davidson cut their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday. Loop Capital raised their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Bank of America raised their target price on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the firm's 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 owned 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 0.43% of the company's stock.

TopBuild Company 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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