GAMMA Investing LLC Grows Position in TopBuild Corp. (NYSE:BLD)

GAMMA Investing LLC lifted its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 167,622.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 150,950 shares of the construction company's stock after purchasing an additional 150,860 shares during the quarter. GAMMA Investing LLC owned 0.52% of TopBuild worth $46,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLD. V Square Quantitative Management LLC grew its holdings in shares of TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of TopBuild by 240.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after purchasing an additional 132 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of TopBuild in the fourth quarter valued at $81,000. Park Square Financial Group LLC purchased a new position in shares of TopBuild in the fourth quarter valued at $111,000. Finally, Blue Trust Inc. grew its holdings in shares of TopBuild by 18.0% in the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after purchasing an additional 67 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of recent research reports. Loop Capital cut their target price on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Benchmark dropped their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wall Street Zen lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Truist Financial dropped their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, TopBuild presently has an average rating of "Moderate Buy" and an average target price of $380.22.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction 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 now directly owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.43% of the company's stock.

TopBuild Trading Up 4.3%

NYSE BLD traded up $12.38 on Thursday, hitting $301.44. 728,178 shares of the stock were exchanged, compared to its average volume of 319,933. The firm has a market capitalization of $8.62 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a fifty day moving average price of $291.18 and a two-hundred day moving average price of $317.56.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business's revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.81 earnings per share. Research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.