Valmark Advisers Inc. Purchases Shares of 4,890 TopBuild Corp. (NYSE:BLD)

Valmark Advisers Inc. acquired a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 4,890 shares of the construction company's stock, valued at approximately $1,491,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Snowden Capital Advisors LLC boosted its stake in TopBuild by 2.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock worth $429,000 after purchasing an additional 33 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of TopBuild by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock worth $301,000 after buying an additional 48 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of TopBuild by 3.8% during the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after buying an additional 48 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of TopBuild by 0.3% during the fourth 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 in the last quarter. Finally, ProShare Advisors LLC raised its holdings in TopBuild by 5.0% in the 4th quarter. ProShare Advisors LLC now owns 1,373 shares of the construction company's stock worth $427,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of BLD stock traded up $4.72 during trading hours on Friday, reaching $325.65. 409,678 shares of the company traded hands, compared to its average volume of 325,799. The firm has a 50-day moving average price of $296.45 and a 200 day moving average price of $309.78. The company has a market cap of $9.31 billion, a P/E ratio of 16.47, a P/E/G ratio of 3.21 and a beta of 1.62. 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 12-month low of $266.26 and a 12-month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.81 earnings per share. As a group, sell-side analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction that occurred on Monday, May 12th. The stock was 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 of the company's stock, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BLD has been the subject of several research analyst reports. DA Davidson reduced their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Loop Capital lowered their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Truist Financial dropped their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Stephens decreased their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $380.22.

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.