GAMMA Investing LLC Increases Stock Holdings in TopBuild Corp. (NYSE:BLD)

GAMMA Investing LLC increased its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 167,622.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,950 shares of the construction company's stock after acquiring an additional 150,860 shares during the period. GAMMA Investing LLC owned about 0.52% of TopBuild worth $46,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC grew its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after acquiring an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of TopBuild by 240.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock worth $57,000 after buying an additional 132 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of TopBuild during the 4th quarter worth approximately $81,000. Park Square Financial Group LLC acquired a new position in shares of TopBuild during the 4th quarter worth approximately $111,000. Finally, Blue Trust Inc. raised its position in TopBuild by 18.0% during the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock worth $137,000 after acquiring an additional 67 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now owns 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is owned by insiders.

TopBuild Stock Performance

BLD stock traded down $4.06 on Friday, hitting $297.13. The company's stock had a trading volume of 603,123 shares, compared to its average volume of 321,476. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.82 and a beta of 1.62. The firm has a 50 day moving average of $290.94 and a two-hundred day moving average of $316.86.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.81 EPS. Equities analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BLD shares. Stephens reduced their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Truist Financial cut their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Benchmark reduced their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Loop Capital reduced their price target on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, TopBuild presently has a consensus rating of "Moderate Buy" and a consensus price target of $380.22.

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.