Man Group plc Has $4.70 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Man Group plc decreased its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 38.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,080 shares of the construction company's stock after selling 9,286 shares during the period. Man Group plc owned about 0.05% of TopBuild worth $4,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nomura Holdings Inc. bought a new stake in TopBuild in the fourth quarter valued at approximately $1,211,000. Occudo Quantitative Strategies LP lifted its holdings in TopBuild by 307.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 2,589 shares of the construction company's stock worth $806,000 after purchasing an additional 1,953 shares during the last quarter. Millennium Management LLC boosted its stake in TopBuild by 63.4% in the 4th quarter. Millennium Management LLC now owns 237,646 shares of the construction company's stock valued at $73,989,000 after purchasing an additional 92,187 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in TopBuild by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 218,533 shares of the construction company's stock valued at $68,038,000 after purchasing an additional 11,792 shares during the period. Finally, Interval Partners LP bought a new stake in TopBuild in the 4th quarter valued at $53,424,000. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BLD shares. Benchmark reduced their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Stephens reduced their price target 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. Wall Street Zen downgraded TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Finally, Loop Capital reduced their price target on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, TopBuild has an average rating of "Moderate Buy" and a consensus price target of $380.22.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction 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 sale, the insider now 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 SEC, which can be accessed through the SEC website. 0.43% of the stock is currently owned by company insiders.

TopBuild Price Performance

NYSE:BLD traded up $8.21 during trading hours on Tuesday, reaching $287.86. 273,381 shares of the company were exchanged, compared to its average volume of 314,749. The company has a market capitalization of $8.23 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The business has a 50 day moving average of $294.32 and a 200 day moving average of $320.46.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly 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. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.81 earnings per share. Research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current 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.