Lmcg Investments LLC Grows Stock Position in TopBuild Corp. (NYSE:BLD)

Lmcg Investments LLC grew its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 69.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,796 shares of the construction company's stock after buying an additional 2,368 shares during the quarter. Lmcg Investments LLC's holdings in TopBuild were worth $2,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC grew its stake in TopBuild by 6.5% in the 4th quarter. Harbor Investment Advisory LLC now owns 458 shares of the construction company's stock valued at $171,000 after buying an additional 28 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in TopBuild by 37.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company's stock valued at $40,000 after buying an additional 43 shares in the last quarter. Greenleaf Trust grew its stake in TopBuild by 4.1% in the 4th quarter. Greenleaf Trust now owns 1,133 shares of the construction company's stock valued at $424,000 after buying an additional 45 shares in the last quarter. Xponance Inc. grew its stake in TopBuild by 1.2% in the 4th quarter. Xponance Inc. now owns 4,027 shares of the construction company's stock valued at $1,507,000 after buying an additional 46 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in TopBuild by 3.6% in the 4th quarter. Arkadios Wealth Advisors now owns 1,712 shares of the construction company's stock valued at $641,000 after buying an additional 59 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Saturday, April 6th. DA Davidson initiated coverage on shares of TopBuild in a report on Tuesday, March 5th. They issued a "buy" rating and a $470.00 price target for the company. The Goldman Sachs Group raised their price target on shares of TopBuild from $419.00 to $429.00 and gave the company a "buy" rating in a report on Friday, March 1st. Benchmark raised their price target on shares of TopBuild from $450.00 to $470.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. Finally, Bank of America raised their price target on shares of TopBuild from $410.00 to $475.00 and gave the company a "buy" rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and an average target price of $420.90.

TopBuild Price Performance

Shares of NYSE BLD traded up $10.29 during mid-day trading on Tuesday, reaching $419.95. 320,052 shares of the company were exchanged, compared to its average volume of 272,476. TopBuild Corp. has a 52 week low of $199.31 and a 52 week high of $452.87. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $13.36 billion, a PE ratio of 21.17, a PEG ratio of 1.95 and a beta of 1.67. The company's 50 day moving average price is $414.84 and its 200 day moving average price is $370.25.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.56 by $0.25. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.36 EPS. Sell-side analysts forecast that TopBuild Corp. will post 21.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TopBuild news, CFO Robert M. Kuhns sold 540 shares of the business's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $406.53, for a total value of $219,526.20. Following the transaction, the chief financial officer now owns 15,928 shares in the company, valued at $6,475,209.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TopBuild news, CFO Robert M. Kuhns sold 540 shares of the business's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $406.53, for a total value of $219,526.20. Following the transaction, the chief financial officer now owns 15,928 shares in the company, valued at $6,475,209.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert M. Buck sold 5,000 shares of the business's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the transaction, the chief executive officer now owns 71,968 shares in the company, valued at approximately $29,054,920.96. The disclosure for this sale can be found here. 0.39% 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.