Simon Quick Advisors LLC Invests $260,000 in TopBuild Corp. (NYSE:BLD)

Simon Quick Advisors LLC bought a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 853 shares of the construction company's stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. V Square Quantitative Management LLC lifted its stake in 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 purchasing an additional 42 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of TopBuild by 240.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after acquiring an additional 132 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in TopBuild during the 4th quarter worth $81,000. Finally, UMB Bank n.a. increased its holdings in TopBuild by 144.2% in the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company's stock worth $103,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Transactions at TopBuild

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BLD shares. Wall Street Zen cut TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Truist Financial cut their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. DA Davidson decreased their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target for the company. Finally, Loop Capital reduced their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research note 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 stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and a consensus target price of $380.22.

TopBuild Stock Performance

BLD stock traded down $6.46 during midday trading on Tuesday, hitting $293.98. The company's stock had a trading volume of 381,166 shares, compared to its average volume of 323,627. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 3.02 and a beta of 1.62. 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 stock's 50-day moving average price is $292.75 and its 200 day moving average price is $312.71. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $4.81 EPS. The firm's quarterly revenue was down 3.6% on a year-over-year basis. On average, equities analysts forecast 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.