Toronto Dominion Bank Increases Position in TopBuild Corp. (NYSE:BLD)

Toronto Dominion Bank grew its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 62.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,436 shares of the construction company's stock after purchasing an additional 1,326 shares during the period. Toronto Dominion Bank's holdings in TopBuild were worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. V Square Quantitative Management LLC boosted its stake in TopBuild by 55.3% during 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. R Squared Ltd purchased a new stake in TopBuild in the fourth quarter worth approximately $72,000. Raiffeisen Bank International AG bought a new stake in TopBuild in the 4th quarter worth approximately $81,000. Blue Trust Inc. grew its position in TopBuild by 18.0% in the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock worth $137,000 after purchasing an additional 67 shares during the period. Finally, Avior Wealth Management LLC bought a new position in shares of TopBuild during the 4th quarter valued at $159,000. 95.67% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction dated Monday, May 12th. The shares were 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. This represents a 19.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company's stock.

TopBuild Price Performance

Shares of BLD traded down $8.86 during midday trading on Wednesday, hitting $279.39. 428,420 shares of the company traded hands, compared to its average volume of 315,202. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.82 and a beta of 1.72. The firm has a 50 day moving average of $294.32 and a 200-day moving average of $320.46. 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 52 week low of $266.26 and a 52 week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $4.81 earnings per share. The firm's revenue was down 3.6% on a year-over-year basis. On average, analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Loop Capital reduced their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Truist Financial cut their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Wall Street Zen cut TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Benchmark lowered their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, DA Davidson cut their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.