Interval Partners LP Makes New $53.42 Million Investment in TopBuild Corp. (NYSE:BLD)

Interval Partners LP bought a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 171,593 shares of the construction company's stock, valued at approximately $53,424,000. TopBuild accounts for 1.0% of Interval Partners LP's holdings, making the stock its 20th biggest position. Interval Partners LP owned 0.58% of TopBuild as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Winch Advisory Services LLC acquired a new position in shares of TopBuild in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of TopBuild in the 3rd quarter valued at approximately $31,000. V Square Quantitative Management LLC raised its position in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. R Squared Ltd purchased a new position in shares of TopBuild during the 4th quarter valued at approximately $72,000. Finally, Trust Co. of Vermont grew its position in shares of TopBuild by 21.8% during the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock worth $96,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

BLD has been the subject of several recent analyst reports. DA Davidson decreased their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Benchmark lowered their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Loop Capital reduced their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, The Goldman Sachs Group decreased their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. 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 a consensus target price of $380.22.

Insider Activity

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.43% of the company's stock.

TopBuild Stock Performance

Shares of NYSE:BLD traded down $12.65 during trading hours on Wednesday, hitting $300.50. The stock had a trading volume of 362,041 shares, compared to its average volume of 314,795. The stock's fifty day simple moving average is $296.88 and its 200 day simple moving average is $325.49. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.82 and a beta of 1.72. 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 Corp. has a 1-year low of $266.26 and a 1-year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion for 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 firm's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $4.81 EPS. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.