Tributary Capital Management LLC Takes $720,000 Position in TopBuild Corp. (NYSE:BLD)

Tributary Capital Management LLC acquired a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,361 shares of the construction company's stock, valued at approximately $720,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BLD. Capital Research Global Investors grew its stake in TopBuild by 1.4% in the 4th quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock valued at $943,050,000 after purchasing an additional 41,047 shares during the period. Pictet Asset Management Holding SA grew its stake in 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 purchasing an additional 40,916 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in 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 purchasing an additional 535,478 shares during the period. Invesco Ltd. grew its stake in 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 purchasing an additional 75,713 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in 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 purchasing an additional 23,428 shares during the period. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Down 1.7%

NYSE:BLD traded down $6.19 during trading hours on Friday, reaching $356.92. 289,791 shares of the company traded hands, compared to its average volume of 335,129. The business's 50-day moving average price is $316.58 and its two-hundred day moving average price is $312.96. The stock has a market capitalization of $10.20 billion, a P/E ratio of 18.05, a P/E/G ratio of 3.92 and a beta of 1.64. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The company has a current ratio of 2.02, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company earned $4.81 EPS. The company's quarterly revenue was down 3.6% compared to the same quarter last year. Analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. DA Davidson cut their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Stephens decreased their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Loop Capital upped their target price on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $387.27.

Insiders Place Their Bets

In other news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider directly owned 7,007 shares in the company, valued at $2,179,036.86. The trade was 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 this hyperlink. Company insiders own 0.43% of the company's stock.

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.