TT International Asset Management LTD Purchases 1,927 Shares of TopBuild Corp. (NYSE:BLD)

TT International Asset Management LTD increased its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 10.3% during the first quarter, according to the company in its most recent disclosure 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 about 0.9% of TT International Asset Management LTD's portfolio, making the stock its 17th largest position. TT International Asset Management LTD owned about 0.07% of TopBuild worth $6,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of TopBuild by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 116,612 shares of the construction company's stock worth $36,306,000 after buying an additional 1,265 shares during the period. CIBC Asset Management Inc boosted its position in TopBuild by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock worth $301,000 after acquiring an additional 48 shares during the last quarter. PYA Waltman Capital LLC grew its stake in shares of TopBuild by 11.7% during the 4th quarter. PYA Waltman Capital LLC now owns 4,367 shares of the construction company's stock worth $1,360,000 after acquiring an additional 457 shares in the last quarter. Navellier & Associates Inc. raised its holdings in shares of TopBuild by 4.9% in the fourth quarter. Navellier & Associates Inc. now owns 4,414 shares of the construction company's stock valued at $1,374,000 after purchasing an additional 206 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of TopBuild in the fourth quarter worth $1,450,000. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

Shares of NYSE:BLD traded up $2.62 during midday trading on Tuesday, hitting $327.16. The stock had a trading volume of 324,664 shares, compared to its average volume of 326,060. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $9.35 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 3.26 and a beta of 1.62. The company's 50-day moving average price is $294.94 and its 200-day moving average price is $310.12. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68.

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. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.81 earnings per share. As a group, equities research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BLD. Wall Street Zen lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. 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. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective for the company. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $380.22.

Insiders Place Their Bets

In other 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.43% of the company's stock.

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.