Rothschild Investment LLC increased its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 59,873.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,395 shares of the construction company's stock after buying an additional 11,376 shares during the quarter. Rothschild Investment LLC's holdings in TopBuild were worth $3,475,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of BLD. T. Rowe Price Investment Management Inc. boosted its position in TopBuild by 779.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after purchasing an additional 535,478 shares in the last quarter. Norges Bank purchased a new stake in TopBuild in the 4th quarter worth approximately $108,688,000. Westwood Holdings Group Inc. purchased a new stake in TopBuild in the 4th quarter worth approximately $80,844,000. Interval Partners LP purchased a new stake in TopBuild in the 4th quarter worth approximately $53,424,000. Finally, GAMMA Investing LLC boosted its position in TopBuild by 167,622.2% in the 1st quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after purchasing an additional 150,860 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.
Insiders Place Their Bets
In other TopBuild 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 sale, the insider now directly owns 7,007 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.43% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Loop Capital decreased 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 decreased their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Wall Street Zen lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Stephens decreased their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $380.22.
Get Our Latest Stock Analysis on TopBuild
TopBuild Price Performance
NYSE BLD traded up $2.91 during mid-day trading on Wednesday, hitting $289.43. The stock had a trading volume of 333,613 shares, compared to its average volume of 317,903. The firm's 50 day moving average is $291.51 and its 200 day moving average is $317.76. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.82 and a beta of 1.72.
TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company earned $4.81 EPS. The firm's revenue was down 3.6% compared to the same quarter last year. Equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.
About TopBuild
(
Free Report)
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.
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