TT International Asset Management LTD Boosts Stake in TopBuild Corp. (NYSE:BLD)

TT International Asset Management LTD grew its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 10.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,708 shares of the construction company's stock after acquiring an additional 1,927 shares during the period. TopBuild comprises 0.9% of TT International Asset Management LTD's investment portfolio, making the stock its 17th biggest position. TT International Asset Management LTD owned approximately 0.07% of TopBuild worth $6,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Snowden Capital Advisors LLC grew its position in shares of TopBuild by 2.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock valued at $429,000 after acquiring an additional 33 shares during the period. CIBC Asset Management Inc grew its position in shares of TopBuild by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock valued at $301,000 after acquiring an additional 48 shares during the period. QRG Capital Management Inc. grew its position in shares of TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after acquiring an additional 48 shares during the period. Janus Henderson Group PLC grew its position in shares of TopBuild by 0.3% during the 4th quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock valued at $5,678,000 after acquiring an additional 54 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of TopBuild by 5.0% during the 4th quarter. ProShare Advisors LLC now owns 1,373 shares of the construction company's stock valued at $427,000 after acquiring an additional 66 shares during the period. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

NYSE:BLD traded up $17.91 during trading hours on Friday, hitting $315.88. The stock had a trading volume of 845,369 shares, compared to its average volume of 325,052. The company has a 50 day simple moving average of $293.47 and a two-hundred day simple moving average of $310.35. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 3.18 and a beta of 1.62.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly 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 net margin of 11.23% and a return on equity of 28.52%. 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 firm earned $4.81 EPS. The business's quarterly revenue was down 3.6% compared to the same quarter last year. Research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on BLD shares. Stephens cut their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Truist Financial cut their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective for the company. Benchmark cut 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 cut their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $380.22.

Insider Buying and Selling at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction 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 sale, the insider now owns 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.43% of the company's stock.

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.