Natixis Advisors LLC Raises Stock Holdings in TopBuild Corp. (NYSE:BLD)

Key Points

• Natixis Advisors LLC increased its holdings in TopBuild Corp. by 54.6%, acquiring nearly 48,000 shares to reach a total of 135,872 shares, valued at approximately $41.4 million.
• Multiple institutional investors have also significantly increased their stakes in TopBuild, indicating that 95.67% of the stock is held by institutional investors.
• Analysts remain optimistic about TopBuild, with price targets adjusted upward; notably, Bank of America raised its target from $320 to $400 and rated it a "buy."

Natixis Advisors LLC boosted its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 54.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,872 shares of the construction company's stock after acquiring an additional 47,978 shares during the period. Natixis Advisors LLC owned 0.46% of TopBuild worth $41,435,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Rossby Financial LCC bought a new stake in TopBuild in the 1st quarter worth $50,000. MassMutual Private Wealth & Trust FSB increased its position 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 acquiring an additional 132 shares during the period. Raiffeisen Bank International AG bought a new position in shares of TopBuild during the fourth quarter valued at about $81,000. Finally, Signaturefd LLC raised its stake in shares of TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock valued at $80,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

BLD has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Stephens lowered their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Bank of America upped their target price on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. DA Davidson reduced their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Loop Capital upped their price target on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $387.27.

Insider Buying and Selling

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 transaction, the insider directly owned 7,007 shares in the company, valued at $2,179,036.86. This trade represents a 19.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.43% of the stock is owned by company insiders.

TopBuild Price Performance

Shares of NYSE:BLD traded up $5.28 during midday trading on Friday, reaching $375.71. 570,268 shares of the company's stock traded hands, compared to its average volume of 411,648. The company has a fifty day simple moving average of $332.91 and a two-hundred day simple moving average of $316.84. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $436.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.47 and a current ratio of 2.02. The company has a market cap of $10.74 billion, a P/E ratio of 19.00, a PEG ratio of 4.84 and a beta of 1.63.

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

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.