TopBuild Corp. (NYSE:BLD) Position Increased by Toronto Dominion Bank

Toronto Dominion Bank boosted its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 62.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,436 shares of the construction company's stock after acquiring an additional 1,326 shares during the quarter. Toronto Dominion Bank's holdings in TopBuild were worth $1,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC boosted 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 buying an additional 42 shares during the period. R Squared Ltd acquired a new position in TopBuild during the fourth quarter worth approximately $72,000. Raiffeisen Bank International AG acquired a new position in TopBuild during the fourth quarter worth approximately $81,000. Blue Trust Inc. increased its holdings in shares of TopBuild by 18.0% in 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 during the period. Finally, Avior Wealth Management LLC acquired a new position in shares of TopBuild in the fourth quarter valued at approximately $159,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Up 0.4%

Shares of BLD stock traded up $1.06 during trading hours on Thursday, reaching $280.28. The company had a trading volume of 42,801 shares, compared to its average volume of 314,449. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The company has a market capitalization of $8.01 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The stock's fifty day simple moving average is $293.94 and its 200 day simple moving average is $320.18.

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. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.81 earnings per share. As a group, sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Activity at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the 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 transaction, the insider now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Loop Capital dropped their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Benchmark decreased their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. DA Davidson cut their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. Finally, Truist Financial reduced 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $380.22.

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.