911 Shares in TopBuild Corp. (NYSE:BLD) Purchased by Horizon Bancorp Inc. IN

Horizon Bancorp Inc. IN acquired a new position in TopBuild Corp. (NYSE:BLD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 911 shares of the construction company's stock, valued at approximately $278,000.

Several other hedge funds have also bought and sold shares of the stock. QRG Capital Management Inc. lifted its position in shares of TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after buying an additional 48 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of TopBuild by 3.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock valued at $6,192,000 after buying an additional 637 shares in the last quarter. Algert Global LLC lifted its position in shares of TopBuild by 69.7% during the 4th quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock valued at $2,189,000 after buying an additional 2,887 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of TopBuild by 192.7% during the 4th quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock valued at $5,407,000 after buying an additional 11,434 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of TopBuild by 116.9% during the 4th quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company's stock valued at $29,442,000 after buying an additional 50,959 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Trading Up 1.5%

Shares of BLD traded up $4.72 during midday trading on Friday, reaching $325.65. The company had a trading volume of 409,678 shares, compared to its average volume of 325,287. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The stock has a market cap of $9.31 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 3.26 and a beta of 1.62. The firm has a 50 day simple moving average of $297.26 and a 200-day simple moving average of $309.11. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62.

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, topping analysts' consensus estimates of $4.43 by $0.20. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $4.81 EPS. The company's revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on BLD. Stephens reduced their price objective 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. Loop Capital reduced their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. DA Davidson reduced their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Benchmark reduced their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, TopBuild presently has an average rating of "Moderate Buy" and a consensus target price of $380.22.

Insiders Place Their Bets

In related news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was 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. This trade represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.43% of the company's stock.

TopBuild Company 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.