KBC Group NV Decreases Position in TopBuild Corp. (NYSE:BLD)

KBC Group NV cut its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 86.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,378 shares of the construction company's stock after selling 8,960 shares during the period. KBC Group NV's holdings in TopBuild were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of TopBuild by 779.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after buying an additional 535,478 shares during the period. Norges Bank purchased a new stake in shares of TopBuild in the fourth quarter worth approximately $108,688,000. Westwood Holdings Group Inc. purchased a new stake in shares of TopBuild in the fourth quarter worth approximately $80,844,000. Interval Partners LP purchased a new stake in shares of TopBuild in the fourth quarter worth approximately $53,424,000. Finally, GAMMA Investing LLC raised its holdings in shares of TopBuild by 167,622.2% in the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after buying an additional 150,860 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the sale, the insider owned 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.43% of the company's stock.

TopBuild Stock Up 0.7%

NYSE BLD traded up $2.46 during midday trading on Friday, hitting $347.63. 287,273 shares of the company traded hands, compared to its average volume of 327,493. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The company has a market cap of $9.94 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 3.49 and a beta of 1.64. The company's 50-day simple moving average is $302.24 and its 200-day simple moving average is $309.25. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 28.52% and a net margin of 11.23%. The business's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.81 EPS. As a group, equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BLD. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. DA Davidson dropped their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Loop Capital dropped their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Stephens dropped their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $380.22.

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.