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

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

A number of other large investors also recently modified their holdings of BLD. V Square Quantitative Management LLC boosted its holdings in shares of TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after acquiring an additional 42 shares during the period. R Squared Ltd bought a new position in shares of TopBuild during the fourth quarter valued at about $72,000. Raiffeisen Bank International AG purchased a new position in TopBuild in the 4th quarter worth approximately $81,000. Blue Trust Inc. raised its holdings in TopBuild by 18.0% during the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after buying an additional 67 shares during the last quarter. Finally, Avior Wealth Management LLC purchased a new position in shares of TopBuild in the fourth quarter valued at about $159,000. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have 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. DA Davidson decreased their price objective 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. Stephens cut their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Benchmark lowered their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, Loop Capital reduced 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $380.22.

Insider Buying and Selling at TopBuild

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 shares were 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 $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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company's stock.

TopBuild Stock Up 2.9%

BLD stock traded up $8.21 during trading on Tuesday, hitting $287.86. 273,381 shares of the stock traded hands, compared to its average volume of 314,749. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The firm's 50 day moving average is $294.70 and its two-hundred day moving average is $320.69.

TopBuild (NYSE:BLD - Get Free Report) last issued 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $4.81 EPS. The company's revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate 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.