TopBuild Corp. (NYSE:BLD) Shares Acquired by Rafferty Asset Management LLC

Rafferty Asset Management LLC grew its position in TopBuild Corp. (NYSE:BLD - Free Report) by 45.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,498 shares of the construction company's stock after purchasing an additional 6,433 shares during the quarter. Rafferty Asset Management LLC owned about 0.07% of TopBuild worth $6,382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its position in TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after purchasing an additional 11,948 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of TopBuild by 51.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company's stock worth $14,682,000 after purchasing an additional 16,090 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in TopBuild by 18.4% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company's stock valued at $11,052,000 after purchasing an additional 5,517 shares during the period. Nisa Investment Advisors LLC boosted its holdings in TopBuild by 28.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 14,545 shares of the construction company's stock valued at $4,528,000 after purchasing an additional 3,260 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in TopBuild by 430.2% during the 4th quarter. SG Americas Securities LLC now owns 3,070 shares of the construction company's stock worth $956,000 after purchasing an additional 2,491 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BLD has been the topic of a number of recent research reports. Benchmark lowered their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Loop Capital decreased their price target on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, May 8th. 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price for the company. Finally, Stephens lowered their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $380.22.

TopBuild Price Performance

Shares of BLD stock traded down $12.13 during trading hours on Wednesday, hitting $279.10. 283,157 shares of the company's stock were exchanged, compared to its average volume of 313,885. The firm has a 50 day moving average of $296.49 and a two-hundred day moving average of $323.56. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The firm has a market cap of $7.98 billion, a P/E ratio of 14.08, a P/E/G 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.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share (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 the consensus estimate of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $4.81 earnings per share. Sell-side analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling

In other news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the sale, the insider now directly owns 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by insiders.

About TopBuild

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.