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

Nomura Holdings Inc. bought a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,891 shares of the construction company's stock, valued at approximately $1,211,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Occudo Quantitative Strategies LP boosted its position in TopBuild by 307.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 2,589 shares of the construction company's stock valued at $806,000 after acquiring an additional 1,953 shares in the last quarter. Millennium Management LLC boosted its position in TopBuild by 63.4% during the 4th quarter. Millennium Management LLC now owns 237,646 shares of the construction company's stock valued at $73,989,000 after acquiring an additional 92,187 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TopBuild by 5.7% during 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 acquiring an additional 11,792 shares in the last quarter. Interval Partners LP bought a new stake in TopBuild during the 4th quarter valued at $53,424,000. Finally, Janus Henderson Group PLC boosted its position in TopBuild by 0.3% during the 4th quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock valued at $5,678,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

BLD has been the topic of several recent research reports. Loop Capital dropped their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. DA Davidson lowered their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen cut TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Stephens lowered their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, Benchmark lowered 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $380.22.

Insider Buying and Selling

In related 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 completion of the transaction, the insider now owns 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 at this link. 0.43% of the stock is currently owned by company insiders.

TopBuild Stock Performance

BLD stock traded down $1.10 during midday trading on Friday, reaching $279.65. The stock had a trading volume of 174,596 shares, compared to its average volume of 314,915. The stock has a market cap of $7.99 billion, a PE ratio of 14.11, a P/E/G ratio of 1.82 and a beta of 1.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a fifty day simple moving average of $295.24 and a two-hundred day simple moving average of $321.67. 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 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 company had revenue of $1.23 billion during 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%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $4.81 EPS. As a group, equities research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current 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.