Voloridge Investment Management LLC Purchases Shares of 35,225 TopBuild Corp. (NYSE:BLD)

Voloridge Investment Management LLC acquired a new position in TopBuild Corp. (NYSE:BLD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,225 shares of the construction company's stock, valued at approximately $10,967,000. Voloridge Investment Management LLC owned about 0.12% of TopBuild as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. V Square Quantitative Management LLC lifted its holdings in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after buying an additional 42 shares in the last quarter. R Squared Ltd acquired a new stake in shares of TopBuild in the 4th quarter valued at $72,000. Raiffeisen Bank International AG acquired a new stake in shares of TopBuild in the 4th quarter valued at $81,000. Blue Trust Inc. raised its holdings in shares of TopBuild by 18.0% in the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after purchasing an additional 67 shares in the last quarter. Finally, Avior Wealth Management LLC acquired a new stake in shares of TopBuild in the 4th quarter valued at $159,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Down 0.7%

Shares of BLD stock traded down $2.08 during trading on Friday, hitting $280.47. 224,592 shares of the company were exchanged, compared to its average volume of 315,603. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 1.82 and a beta of 1.72. The business's 50-day simple moving average is $293.25 and its 200 day simple moving average is $319.56. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $4.81 earnings per share. The company's quarterly revenue was down 3.6% compared to the same quarter last year. As a group, analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BLD shares. Stephens reduced their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Benchmark dropped their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Wall Street Zen downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. 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 research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price on the stock. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $380.22.

Insider Buying and Selling at TopBuild

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. Corporate 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.