Redwood Investment Management LLC Buys Shares of 4,589 TopBuild Corp. (NYSE:BLD)

Redwood Investment Management LLC purchased a new position in TopBuild Corp. (NYSE:BLD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,589 shares of the construction company's stock, valued at approximately $1,429,000.

Several other large investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in shares of TopBuild by 57.8% in the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after purchasing an additional 11,948 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake 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 buying an additional 16,090 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in TopBuild by 18.4% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company's stock worth $11,052,000 after buying an additional 5,517 shares during the period. Miracle Mile Advisors LLC bought a new stake in TopBuild during the 4th quarter valued at approximately $475,000. Finally, Nisa Investment Advisors LLC boosted its position in TopBuild by 28.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,545 shares of the construction company's stock valued at $4,528,000 after acquiring an additional 3,260 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BLD. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price for the company. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Stephens reduced their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Loop Capital lowered their price target on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Truist Financial dropped their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $380.22.

Insider Transactions at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the 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 transaction, the insider now owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This 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 can be accessed through the SEC website. Company insiders own 0.43% of the company's stock.

TopBuild Stock Down 3.8%

Shares of NYSE:BLD traded down $11.17 during trading on Wednesday, reaching $280.06. 84,469 shares of the stock traded hands, compared to its average volume of 312,915. The stock has a market cap of $8.01 billion, a P/E ratio of 14.16, a price-to-earnings-growth 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. The stock has a 50-day moving average of $296.49 and a two-hundred day moving average of $323.56. TopBuild Corp. has a 52-week low of $266.26 and a 52-week 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, topping analysts' consensus estimates of $4.43 by $0.20. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company earned $4.81 EPS. The company's quarterly revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts expect 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.