BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases Shares of 53,393 TopBuild Corp. (NYSE:BLD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 53,393 shares of the construction company's stock, valued at approximately $16,623,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.18% of TopBuild at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC lifted its stake in TopBuild by 22.8% during the fourth quarter. Park Avenue Securities LLC now owns 1,070 shares of the construction company's stock worth $333,000 after purchasing an additional 199 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in TopBuild by 152.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,695 shares of the construction company's stock worth $1,773,000 after purchasing an additional 3,437 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in TopBuild by 51.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company's stock worth $14,682,000 after purchasing an additional 16,090 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in TopBuild by 28.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,545 shares of the construction company's stock worth $4,528,000 after purchasing an additional 3,260 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in TopBuild by 430.2% during the fourth quarter. SG Americas Securities LLC now owns 3,070 shares of the construction company's stock worth $956,000 after purchasing an additional 2,491 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BLD shares. Wall Street Zen cut TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. DA Davidson cut their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Stephens cut their target price 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. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price for the company. Finally, Loop Capital cut their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $380.22.

Insider Activity at TopBuild

In related 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 value of $540,483.24. Following the completion of the sale, the insider now directly owns 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.43% of the stock is currently owned by company insiders.

TopBuild Price Performance

Shares of NYSE:BLD traded down $1.10 during trading on Friday, hitting $279.65. 174,596 shares of the company were exchanged, compared to its average volume of 314,915. The business's 50 day moving average is $295.24 and its 200-day moving average is $321.67. The company has a market capitalization of $7.99 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68.

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 the consensus estimate of $4.43 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.81 earnings per share. Equities analysts forecast that TopBuild Corp. will post 20.97 earnings per share 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.