Occudo Quantitative Strategies LP Increases Position in TopBuild Corp. (NYSE:BLD)

Occudo Quantitative Strategies LP increased its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 307.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,589 shares of the construction company's stock after purchasing an additional 1,953 shares during the period. Occudo Quantitative Strategies LP's holdings in TopBuild were worth $806,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in shares of TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock valued at $10,160,000 after purchasing an additional 11,948 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in TopBuild by 51.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company's stock worth $14,682,000 after acquiring an additional 16,090 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its stake in TopBuild by 18.4% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company's stock worth $11,052,000 after acquiring an additional 5,517 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in TopBuild during the fourth quarter valued at approximately $475,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of TopBuild by 28.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,545 shares of the construction company's stock worth $4,528,000 after purchasing an additional 3,260 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Down 2.4%

NYSE:BLD traded down $7.43 during trading hours on Monday, hitting $296.51. The company had a trading volume of 42,688 shares, compared to its average volume of 313,608. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The company has a 50-day moving average of $296.72 and a 200 day moving average of $324.20. The company has a market cap of $8.48 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $4.81 earnings per share. Sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on BLD shares. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target on the stock. DA Davidson decreased their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Benchmark lowered their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. StockNews.com cut shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Stephens dropped their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $380.22.

Insiders Place Their Bets

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction 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 transaction, the insider now directly owns 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.