TopBuild Corp. (NYSE:BLD) Shares Purchased by Natixis Advisors LLC

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 lifted its position in TopBuild Corp. (NYSE:BLD - Free Report) by 54.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Snowden Capital Advisors LLC boosted its stake in shares of TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock worth $429,000 after acquiring an additional 33 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of TopBuild by 3.8% in the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after acquiring an additional 48 shares during the last quarter. Seascape Capital Management boosted its stake in shares of TopBuild by 0.7% in the first quarter. Seascape Capital Management now owns 7,989 shares of the construction company's stock worth $2,436,000 after acquiring an additional 52 shares during the last quarter. Janus Henderson Group PLC boosted its stake in TopBuild by 0.3% during the fourth quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock worth $5,678,000 after buying an additional 54 shares during the last quarter. Finally, Fortem Financial Group LLC boosted its stake in TopBuild by 1.2% during the first quarter. Fortem Financial Group LLC now owns 5,300 shares of the construction company's stock worth $1,616,000 after buying an additional 64 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild 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 completion of the transaction, the insider directly owned 7,007 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this link. 0.43% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on BLD. Loop Capital lifted their target price on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research 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 research report on Thursday, May 8th. Stephens reduced their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price objective on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Bank of America boosted their price objective on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $387.27.

TopBuild Stock Up 2.4%

Shares of BLD traded up $8.87 during mid-day trading on Monday, reaching $385.17. The company's stock had a trading volume of 272,106 shares, compared to its average volume of 362,674. The stock has a market cap of $11.01 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 4.84 and a beta of 1.63. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $435.29. The company's 50 day moving average is $332.91 and its 200 day moving average is $316.64. 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 announced its earnings results 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. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $4.81 EPS. The company's revenue was down 3.6% on a year-over-year basis. Equities analysts anticipate 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.