Tidal Investments LLC Has $1.48 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Tidal Investments LLC lifted its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 114.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,762 shares of the construction company's stock after acquiring an additional 2,546 shares during the period. Tidal Investments LLC's holdings in TopBuild were worth $1,483,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BLD. Toronto Dominion Bank lifted its stake in TopBuild by 62.8% during the fourth quarter. Toronto Dominion Bank now owns 3,436 shares of the construction company's stock worth $1,069,000 after purchasing an additional 1,326 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in TopBuild by 2.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock valued at $429,000 after acquiring an additional 33 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in TopBuild during the fourth quarter worth approximately $570,000. Rafferty Asset Management LLC raised its holdings in TopBuild by 45.7% during the 4th quarter. Rafferty Asset Management LLC now owns 20,498 shares of the construction company's stock worth $6,382,000 after buying an additional 6,433 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in TopBuild in the 4th quarter worth approximately $81,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.43% of the stock is owned by company insiders.

TopBuild Stock Performance

Shares of TopBuild stock traded down $2.14 on Friday, reaching $280.40. The stock had a trading volume of 87,260 shares, compared to its average volume of 315,011. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The business's 50-day moving average price is $293.25 and its two-hundred day moving average price is $319.56. 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 stock has a market cap of $8.02 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72.

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

Analyst Upgrades and Downgrades

BLD has been the subject of a number of research analyst reports. DA Davidson reduced 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. Loop Capital cut their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, May 8th. 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. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target for the company. Finally, Stephens lowered their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $380.22.

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.