32,531 Shares in TopBuild Corp. (NYSE:BLD) Purchased by Wedge Capital Management L L P NC

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

Other institutional investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its position in TopBuild by 779.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock valued at $188,098,000 after buying an additional 535,478 shares in the last quarter. Norges Bank purchased a new stake in shares of TopBuild during the 4th quarter valued at about $108,688,000. Westwood Holdings Group Inc. acquired a new position in TopBuild during the 4th quarter worth approximately $80,844,000. Interval Partners LP purchased a new position in TopBuild in the 4th quarter worth approximately $53,424,000. Finally, GAMMA Investing LLC boosted its holdings in TopBuild by 167,622.2% in the 1st quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after acquiring an additional 150,860 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Stock Up 3.2%

Shares of BLD stock traded up $9.70 during trading hours on Tuesday, hitting $310.50. 57,361 shares of the company were exchanged, compared to its average volume of 320,227. The business's 50-day simple moving average is $290.68 and its two-hundred day simple moving average is $315.80. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 1.82 and a beta of 1.62. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

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. 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 analysts' expectations of $1.23 billion. During the same period in the prior year, the company earned $4.81 earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year. Sell-side analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of analyst reports. Loop Capital dropped their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Stephens dropped their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. 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 research report on Monday, March 3rd. DA Davidson dropped their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen cut TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, TopBuild presently has a consensus rating of "Moderate Buy" and a consensus price target of $380.22.

Insider Activity at TopBuild

In other TopBuild 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is currently owned by insiders.

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.