TopBuild Corp. (NYSE:BLD) Stock Position Lowered by Twinbeech Capital LP

Twinbeech Capital LP decreased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 90.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,538 shares of the construction company's stock after selling 35,485 shares during the quarter. Twinbeech Capital LP's holdings in TopBuild were worth $1,102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in TopBuild by 57.8% in the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after purchasing an additional 11,948 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in TopBuild by 51.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company's stock worth $14,682,000 after purchasing an additional 16,090 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its position in TopBuild by 18.4% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company's stock worth $11,052,000 after purchasing an additional 5,517 shares during the last quarter. Nisa Investment Advisors LLC grew its position in TopBuild by 28.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,545 shares of the construction company's stock worth $4,528,000 after purchasing an additional 3,260 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in TopBuild by 430.2% in the 4th quarter. SG Americas Securities LLC now owns 3,070 shares of the construction company's stock worth $956,000 after purchasing an additional 2,491 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Price Performance

Shares of TopBuild stock traded up $5.28 on Tuesday, hitting $284.93. The company had a trading volume of 94,362 shares, compared to its average volume of 327,126. The business has a 50-day simple moving average of $294.70 and a 200-day simple moving average of $320.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market cap of $8.15 billion, a PE ratio of 14.38, a PEG ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share 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 11.66% and a return on equity of 26.40%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $4.81 earnings per share. Research analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on BLD. Loop Capital decreased their target price on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. DA Davidson decreased their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Truist Financial decreased their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Stephens decreased 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. Finally, Benchmark decreased 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. Four equities 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, TopBuild presently has a consensus rating of "Moderate Buy" and an average target price of $380.22.

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 directly owns 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by insiders.

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.