Gallacher Capital Management LLC Makes New $460,000 Investment in TopBuild Corp. (NYSE:BLD)

Gallacher Capital Management LLC bought a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 1,509 shares of the construction company's stock, valued at approximately $460,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLD. Snowden Capital Advisors LLC grew its stake in shares of TopBuild by 2.5% during the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock worth $429,000 after acquiring an additional 33 shares during the last quarter. QRG Capital Management Inc. grew its position in TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after purchasing an additional 48 shares during the last quarter. Seascape Capital Management grew its holdings in shares of TopBuild by 0.7% during the first quarter. Seascape Capital Management now owns 7,989 shares of the construction company's stock valued at $2,436,000 after buying an additional 52 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of TopBuild by 0.3% during the fourth quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock valued at $5,678,000 after buying an additional 54 shares during the last quarter. Finally, Fortem Financial Group LLC grew its holdings in shares of TopBuild by 1.2% during the first quarter. Fortem Financial Group LLC now owns 5,300 shares of the construction company's stock valued at $1,616,000 after buying an additional 64 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

BLD traded down $7.99 during midday trading on Thursday, hitting $374.75. 85,550 shares of the company traded hands, compared to its average volume of 361,499. 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 company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 4.82 and a beta of 1.64. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The business has a 50 day simple moving average of $318.74 and a two-hundred day simple moving average of $313.68.

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

Analyst Upgrades and Downgrades

BLD has been the topic of several research analyst reports. DA Davidson dropped 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. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price on the stock. Loop Capital upped 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. upped their price objective on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Bank of America upped their price target on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $387.27.

Insider Buying and Selling at TopBuild

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 stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider owned 7,007 shares in the company, valued at $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.43% of the stock is currently owned by company 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.