Johnson Investment Counsel Inc. Buys 1,696 Shares of TopBuild Corp. (NYSE:BLD)

Johnson Investment Counsel Inc. grew its position in TopBuild Corp. (NYSE:BLD - Free Report) by 43.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,610 shares of the construction company's stock after buying an additional 1,696 shares during the period. Johnson Investment Counsel Inc.'s holdings in TopBuild were worth $1,711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after acquiring an additional 68 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake 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 buying an additional 132 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in TopBuild during the 4th quarter worth about $81,000. UMB Bank n.a. boosted its holdings in TopBuild by 144.2% during the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company's stock valued at $103,000 after acquiring an additional 199 shares during the period. Finally, Fifth Third Bancorp grew its position in TopBuild by 22.6% in the 1st quarter. Fifth Third Bancorp now owns 358 shares of the construction company's stock valued at $109,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. Benchmark lowered their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Wall Street Zen downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, Loop Capital cut their target price on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.22.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the business'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 completion of the sale, the insider now owns 7,007 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is owned by company insiders.

TopBuild Stock Up 0.8%

Shares of NYSE BLD traded up $2.62 during midday trading on Tuesday, hitting $327.16. 324,664 shares of the company's stock were exchanged, compared to its average volume of 325,792. The firm's fifty day simple moving average is $294.14 and its 200-day simple moving average is $310.00. The company has a market cap of $9.35 billion, a PE ratio of 16.55, a P/E/G ratio of 3.18 and a beta of 1.62. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. 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 (NYSE:BLD - Get Free Report) last released its quarterly earnings data 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. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the company earned $4.81 earnings per share. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.