Westwood Holdings Group Inc. Acquires Shares of 259,666 TopBuild Corp. (NYSE:BLD)

Westwood Holdings Group Inc. acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 259,666 shares of the construction company's stock, valued at approximately $80,844,000. Westwood Holdings Group Inc. owned approximately 0.88% of TopBuild at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BLD. V Square Quantitative Management LLC grew its stake in shares of 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 in the last quarter. R Squared Ltd acquired a new stake in shares of TopBuild in the fourth quarter valued at $72,000. Raiffeisen Bank International AG acquired a new stake in shares of TopBuild in the fourth quarter valued at $81,000. Trust Co. of Vermont grew its stake in shares of TopBuild by 21.8% in the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after buying an additional 55 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of TopBuild by 18.0% in the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after buying an additional 67 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Down 0.4%

Shares of NYSE:BLD traded down $1.10 on Friday, hitting $279.65. 174,596 shares of the company's stock were exchanged, compared to its average volume of 314,253. The firm's 50-day moving average is $295.24 and its 200 day moving average is $322.01. The company has a market capitalization of $7.99 billion, a PE ratio of 14.11, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. 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 released its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.20. The business 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 quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.81 EPS. Sell-side analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BLD shares. Benchmark lowered their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Stephens lowered their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price for the company. Loop Capital lowered their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research note 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $380.22.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the sale, the insider now directly owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company's stock.

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.