Nomura Holdings Inc. Purchases Shares of 3,891 TopBuild Corp. (NYSE:BLD)

Nomura Holdings Inc. purchased a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,891 shares of the construction company's stock, valued at approximately $1,211,000.

A number of other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC lifted its holdings in shares of TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. R Squared Ltd purchased a new stake in TopBuild in the 4th quarter worth about $72,000. Trust Co. of Vermont boosted its position in TopBuild by 21.8% during the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock worth $96,000 after acquiring an additional 55 shares during the period. Blue Trust Inc. grew its stake in TopBuild by 18.0% during the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after acquiring an additional 67 shares in the last quarter. Finally, Avior Wealth Management LLC acquired a new position in shares of TopBuild in the 4th quarter valued at about $159,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Activity

In related news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the transaction, the insider now owns 7,007 shares in the company, valued at approximately $2,179,036.86. This represents 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 hyperlink. Corporate insiders own 0.43% of the company's stock.

TopBuild Stock Performance

BLD traded up $0.37 during trading on Thursday, reaching $280.22. 393,920 shares of the company's stock were exchanged, compared to its average volume of 314,204. The company has a market capitalization of $8.01 billion, a P/E ratio of 14.14, a PEG ratio of 1.82 and a beta of 1.72. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average price of $296.08 and a 200 day moving average price of $323.25. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 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 analyst estimates of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.81 EPS. As a group, analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLD has been the topic of several research reports. Truist Financial dropped their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Benchmark reduced their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. DA Davidson cut their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. 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, Stephens reduced their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $380.22.

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.