Rafferty Asset Management LLC Buys 6,433 Shares of TopBuild Corp. (NYSE:BLD)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLD. V Square Quantitative Management LLC lifted its stake in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after acquiring an additional 42 shares during the last quarter. R Squared Ltd acquired a new position in TopBuild in the 4th quarter worth about $72,000. Raiffeisen Bank International AG bought a new position in TopBuild in the fourth quarter valued at about $81,000. Trust Co. of Vermont boosted its stake in shares of TopBuild by 21.8% during the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after purchasing an additional 55 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of TopBuild by 18.0% during the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of research reports. DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Benchmark decreased their price target on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Stephens dropped their price target 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. 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 price target on the stock. Finally, Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $380.22.

Insider Activity at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction that occurred 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 sale, the insider now directly owns 7,007 shares in the company, 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 hyperlink. 0.43% of the stock is owned by corporate insiders.

TopBuild Trading Down 0.8%

Shares of NYSE:BLD traded down $2.21 during trading on Friday, reaching $278.54. The stock had a trading volume of 37,245 shares, compared to its average volume of 328,178. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68. 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's fifty day moving average is $295.66 and its 200 day moving average is $322.68. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the firm posted $4.81 earnings per share. The business's quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.