PYA Waltman Capital LLC Increases Holdings in TopBuild Corp. (NYSE:BLD)

PYA Waltman Capital LLC grew its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 38.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,026 shares of the construction company's stock after acquiring an additional 1,659 shares during the period. PYA Waltman Capital LLC's holdings in TopBuild were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. QRG Capital Management Inc. grew its position in shares of TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after acquiring an additional 48 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of TopBuild by 3.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock valued at $6,192,000 after acquiring an additional 637 shares during the period. Algert Global LLC grew its position in shares of TopBuild by 69.7% during the 4th quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock valued at $2,189,000 after acquiring an additional 2,887 shares during the period. Two Sigma Investments LP grew its position in shares of TopBuild by 192.7% during the 4th quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock valued at $5,407,000 after acquiring an additional 11,434 shares during the period. Finally, Ausbil Investment Management Ltd bought a new stake in shares of TopBuild during the 1st quarter valued at $269,000. Institutional investors own 95.67% of the company's stock.

TopBuild Price Performance

BLD stock traded down $5.95 during mid-day trading on Friday, hitting $378.82. The company had a trading volume of 491,462 shares, compared to its average volume of 333,315. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 4.24 and a beta of 1.64. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $309.35 and a 200 day moving average price of $311.20.

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, topping the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.81 EPS. On average, research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday. Stephens dropped their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Loop Capital upped their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Bank of America upped their target price on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

Insider Buying and Selling

In other news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the sale, the insider directly owned 7,007 shares in the company, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by insiders.

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.