TopBuild Corp. (NYSE:BLD) Shares Purchased by Westwood Holdings Group Inc.

Key Points

• Westwood Holdings Group Inc. increased its stake in TopBuild Corp. by 5.7%, owning a total of 274,518 shares worth approximately $83.7 million as of its latest SEC filing.
• Wall Street analysts have a positive outlook on TopBuild, with most brokerages issuing buy ratings and raising the stock’s price target, averaging around $387.27.
• TopBuild reported an earnings per share of $4.63 for its latest quarter, beating estimates, despite revenue declining 3.6% year-over-year.

Westwood Holdings Group Inc. lifted its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,518 shares of the construction company's stock after acquiring an additional 14,852 shares during the period. Westwood Holdings Group Inc. owned 0.94% of TopBuild worth $83,714,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. 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 worth $39,000 after acquiring an additional 68 shares in the last quarter. Rossby Financial LCC bought a new position in shares of TopBuild in the 1st quarter worth $50,000. MassMutual Private Wealth & Trust FSB raised its position in shares of TopBuild by 240.0% in 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 in the last quarter. Signaturefd LLC raised its position in shares of TopBuild by 170.1% in the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company's stock worth $80,000 after acquiring an additional 165 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new position in shares of TopBuild in the 4th quarter worth $81,000. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

BLD has been the subject of several recent research reports. Stephens reduced their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Bank of America upped their target price on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. UBS Group set a $370.00 target price on TopBuild and gave the company a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Benchmark upped their target price on TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, TopBuild presently has an average rating of "Moderate Buy" and a consensus target price of $394.67.

Insider Buying and Selling

In related news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction dated 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 directly owned 7,007 shares of the company's stock, valued at $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is currently owned by company insiders.

TopBuild Stock Performance

Shares of BLD stock traded down $4.55 during mid-day trading on Wednesday, reaching $403.53. The stock had a trading volume of 518,290 shares, compared to its average volume of 449,515. The business's fifty day moving average is $339.96 and its 200-day moving average is $318.15. The company has a current ratio of 2.83, a quick ratio of 1.47 and a debt-to-equity ratio of 0.86. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 5.25 and a beta of 1.63. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $419.87.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.07 by $0.24. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%. TopBuild's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $5.42 earnings per share. On average, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.