TopBuild Corp. (NYSE:BLD) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. increased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 851.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,378 shares of the construction company's stock after purchasing an additional 17,341 shares during the period. Edgestream Partners L.P. owned approximately 0.07% of TopBuild worth $5,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. QRG Capital Management Inc. boosted its stake in shares of TopBuild by 3.8% in the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after buying an additional 48 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of TopBuild by 3.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock worth $6,192,000 after buying an additional 637 shares during the last quarter. Algert Global LLC boosted its stake in shares of TopBuild by 69.7% in the fourth quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock worth $2,189,000 after buying an additional 2,887 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of TopBuild by 192.7% in the fourth quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock worth $5,407,000 after buying an additional 11,434 shares during the last quarter. Finally, Ausbil Investment Management Ltd purchased a new stake in shares of TopBuild in the first quarter worth about $269,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stephens dropped their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Bank of America raised their price target on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Loop Capital raised their price target on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research 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 report on Wednesday, July 9th. Finally, DA Davidson dropped their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $387.27.

TopBuild Price Performance

BLD stock traded down $7.55 during mid-day trading on Friday, reaching $355.56. The company's stock had a trading volume of 157,740 shares, compared to its average volume of 362,771. The stock has a market cap of $10.17 billion, a PE ratio of 17.98, a P/E/G ratio of 3.95 and a beta of 1.64. The company has a current ratio of 2.02, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company's 50 day moving average is $315.36 and its two-hundred day moving average is $312.62.

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. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The business's revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.81 EPS. Equities research analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Activity

In other 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 transaction of $540,483.24. Following the completion of the sale, the insider owned 7,007 shares in the company, valued at $2,179,036.86. This trade represents a 19.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is owned by corporate 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.