TopBuild Corp. (NYSE:BLD) Stock Holdings Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,265 shares of the construction company's stock after selling 1,302 shares during the quarter. Victory Capital Management Inc. owned approximately 0.32% of TopBuild worth $28,441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its stake in TopBuild by 4.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 20,214 shares of the construction company's stock valued at $6,164,000 after acquiring an additional 773 shares during the period. Whittier Trust Co. grew its position in shares of TopBuild by 2.3% in the first quarter. Whittier Trust Co. now owns 39,643 shares of the construction company's stock valued at $12,089,000 after purchasing an additional 904 shares during the period. Signaturefd LLC increased its stake in shares of TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock worth $80,000 after purchasing an additional 165 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of TopBuild by 851.3% during the 1st quarter. Edgestream Partners L.P. now owns 19,378 shares of the construction company's stock worth $5,909,000 after purchasing an additional 17,341 shares during the last quarter. Finally, CWM LLC lifted its stake in TopBuild by 29.3% in the 1st quarter. CWM LLC now owns 375 shares of the construction company's stock valued at $114,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BLD. Bank of America boosted their price target on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. DA Davidson dropped their target price 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. Loop Capital increased their target price on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

TopBuild Price Performance

BLD stock traded down $6.36 during trading on Thursday, hitting $376.39. The stock had a trading volume of 348,132 shares, compared to its average volume of 432,131. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 4.92 and a beta of 1.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.47 and a current ratio of 2.02. The company's 50 day moving average price is $320.39 and its two-hundred day moving average price is $314.16. 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 released its earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. 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 firm posted $4.81 earnings per share. On average, sell-side analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insider Activity at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction dated 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 owned 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.43% of the company's stock.

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.