Sherbrooke Park Advisers LLC Acquires Shares of 1,830 TopBuild Corp. (NYSE:BLD)

Sherbrooke Park Advisers LLC purchased a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,830 shares of the construction company's stock, valued at approximately $570,000.

Other institutional investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its holdings in TopBuild by 779.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after purchasing an additional 535,478 shares in the last quarter. Norges Bank acquired a new position in TopBuild in the 4th quarter worth about $108,688,000. Interval Partners LP acquired a new position in TopBuild in the 4th quarter worth about $53,424,000. Millennium Management LLC increased its holdings in TopBuild by 63.4% in the 4th quarter. Millennium Management LLC now owns 237,646 shares of the construction company's stock worth $73,989,000 after purchasing an additional 92,187 shares in the last quarter. Finally, E. Ohman J or Asset Management AB acquired a new stake in shares of TopBuild in the fourth quarter valued at about $23,906,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Transactions at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the transaction, the insider now directly 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 sale 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.

Analyst Ratings Changes

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

TopBuild Stock Down 1.6%

NYSE:BLD traded down $4.72 on Tuesday, hitting $290.78. The stock had a trading volume of 130,992 shares, compared to its average volume of 313,792. The business's fifty day moving average is $296.57 and its 200 day moving average is $323.79. The company has a market cap of $8.31 billion, a PE ratio of 14.67, a P/E/G ratio of 1.82 and a beta of 1.72. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. 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 announced its quarterly earnings results 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 for 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 company's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.81 earnings per share. On average, equities research analysts expect that TopBuild Corp. will post 20.97 EPS 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.