Wedge Capital Management L L P NC Invests $9.92 Million in TopBuild Corp. (NYSE:BLD)

Wedge Capital Management L L P NC purchased a new position in TopBuild Corp. (NYSE:BLD - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 32,531 shares of the construction company's stock, valued at approximately $9,920,000. Wedge Capital Management L L P NC owned about 0.11% of TopBuild as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC lifted its stake in TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after buying an additional 42 shares during the period. Parallel Advisors LLC raised its position in shares of TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after acquiring an additional 68 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in TopBuild by 240.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock worth $57,000 after acquiring an additional 132 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in TopBuild during the fourth quarter valued at approximately $81,000. Finally, UMB Bank n.a. increased its stake in TopBuild by 144.2% in the first quarter. UMB Bank n.a. now owns 337 shares of the construction company's stock valued at $103,000 after purchasing an additional 199 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BLD. Truist Financial reduced their price target 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. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price for the company. DA Davidson lowered their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $380.22.

Insiders Place Their Bets

In other news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction dated 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 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. Company insiders own 0.43% of the company's stock.

TopBuild Stock Performance

Shares of BLD traded up $4.78 during midday trading on Thursday, reaching $309.36. The stock had a trading volume of 508,657 shares, compared to its average volume of 322,760. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $291.23 and a 200-day simple moving average of $315.68. The firm has a market cap of $8.84 billion, a PE ratio of 15.61, a P/E/G ratio of 1.82 and a beta of 1.62. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68.

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

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.