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

Toronto Dominion Bank lifted its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 62.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,436 shares of the construction company's stock after acquiring 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Capital Research Global Investors raised its position in shares of TopBuild by 1.4% in the 4th quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock worth $943,050,000 after acquiring an additional 41,047 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of TopBuild by 4.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock valued at $271,331,000 after buying an additional 40,916 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of TopBuild by 779.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock valued at $188,098,000 after buying an additional 535,478 shares during the period. Invesco Ltd. grew its stake in shares of TopBuild by 14.6% in the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after buying an additional 75,713 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of TopBuild by 5.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company's stock valued at $150,053,000 after buying an additional 23,428 shares during the period. 95.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Steven P. Raia sold 1,738 shares of the firm'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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by insiders.

TopBuild Trading Up 1.0%

NYSE BLD traded up $2.96 during trading on Wednesday, hitting $289.48. 596,896 shares of the company's stock traded hands, compared to its average volume of 318,300. The firm has a market cap of $8.28 billion, a P/E ratio of 14.61, a PEG ratio of 1.82 and a beta of 1.72. The stock has a fifty day moving average of $291.18 and a two-hundred day moving average of $317.56. 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 12-month low of $266.26 and a 12-month high of $495.68.

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

Analysts Set New Price Targets

Several analysts have recently commented on BLD shares. Stephens reduced their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Wall Street Zen downgraded TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target for the company. Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, Loop Capital cut their price target on TopBuild from $370.00 to $360.00 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.