Toronto Dominion Bank Has $1.07 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Toronto Dominion Bank increased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 62.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC raised its position in 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 last quarter. R Squared Ltd bought a new stake in TopBuild during the 4th quarter worth about $72,000. Raiffeisen Bank International AG acquired a new position in shares of TopBuild during the 4th quarter worth about $81,000. Blue Trust Inc. grew its holdings in shares of TopBuild by 18.0% in the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after acquiring an additional 67 shares in the last quarter. Finally, Aristeia Capital L.L.C. bought a new position in shares of TopBuild in the 4th quarter valued at about $215,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

Shares of NYSE BLD traded down $2.67 during mid-day trading on Monday, reaching $280.22. 292,031 shares of the company were exchanged, compared to its average volume of 317,102. The stock has a market capitalization of $8.01 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.82 and a beta of 1.72. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company's 50-day simple moving average is $292.65 and its 200-day simple moving average is $318.45. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $4.81 earnings per share. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the sale, the insider now owns 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BLD. Loop Capital reduced their price target 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 dropped their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Stephens decreased their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Benchmark lowered their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, DA Davidson cut their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $380.22.

TopBuild 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.