Johnson Investment Counsel Inc. Has $1.71 Million Position in TopBuild Corp. (NYSE:BLD)

Johnson Investment Counsel Inc. lifted its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 43.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,610 shares of the construction company's stock after buying an additional 1,696 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in TopBuild were worth $1,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of BLD. State of Alaska Department of Revenue grew its position in TopBuild by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 3,436 shares of the construction company's stock valued at $1,047,000 after purchasing an additional 90 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of TopBuild by 3.8% in the 1st 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. Vaughan Nelson Investment Management L.P. lifted its stake in TopBuild by 32.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company's stock valued at $117,992,000 after purchasing an additional 94,389 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of TopBuild by 22.6% during the 1st quarter. Fifth Third Bancorp now owns 358 shares of the construction company's stock valued at $109,000 after buying an additional 66 shares during the last quarter. Finally, Simon Quick Advisors LLC purchased a new stake in TopBuild during the first quarter valued at about $260,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BLD shares. Wall Street Zen downgraded TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Loop Capital dropped their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Stephens lowered their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. Finally, Truist Financial lowered their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $380.22.

Insider Buying and Selling at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.43% of the company's stock.

TopBuild Trading Up 6.0%

Shares of BLD opened at $315.88 on Friday. The firm's 50 day simple moving average is $293.47 and its 200 day simple moving average is $311.32. The company has a market capitalization of $9.03 billion, a P/E ratio of 15.98, a P/E/G ratio of 2.99 and a beta of 1.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.