Trivant Custom Portfolio Group LLC Takes $773,000 Position in TopBuild Corp. (NYSE:BLD)

Trivant Custom Portfolio Group LLC acquired a new position in TopBuild Corp. (NYSE:BLD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,535 shares of the construction company's stock, valued at approximately $773,000.

A number of other large investors have also recently bought and sold shares of BLD. Johnson Investment Counsel Inc. lifted its position in TopBuild by 43.3% during the 1st quarter. Johnson Investment Counsel Inc. now owns 5,610 shares of the construction company's stock worth $1,711,000 after acquiring an additional 1,696 shares during the last quarter. State of Alaska Department of Revenue grew its stake in TopBuild by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 3,436 shares of the construction company's stock worth $1,047,000 after buying an additional 90 shares during the last quarter. QRG Capital Management Inc. grew its stake in TopBuild by 3.8% during the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after buying an additional 48 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in TopBuild by 32.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company's stock worth $117,992,000 after buying an additional 94,389 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of TopBuild by 22.6% during the first quarter. Fifth Third Bancorp now owns 358 shares of the construction company's stock valued at $109,000 after purchasing an additional 66 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Up 6.0%

BLD traded up $17.91 during mid-day trading on Friday, hitting $315.88. The stock had a trading volume of 845,369 shares, compared to its average volume of 325,052. The stock's fifty day simple moving average is $293.47 and its 200-day simple moving average is $310.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 3.18 and a beta of 1.62. TopBuild Corp. has a 1-year low of $266.26 and a 1-year 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 EPS for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business posted $4.81 earnings per share. The firm's quarterly revenue was down 3.6% on a year-over-year basis. As a group, research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value 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. The trade was a 19.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BLD shares. Loop Capital decreased their price target on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. DA Davidson cut their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wall Street Zen lowered shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Benchmark cut their price objective 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.