Sherbrooke Park Advisers LLC Makes New Investment in TopBuild Corp. (NYSE:BLD)

Sherbrooke Park Advisers LLC acquired a new stake 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 Securities and Exchange Commission (SEC). The institutional investor acquired 1,830 shares of the construction company's stock, valued at approximately $570,000.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its stake in shares of TopBuild by 55.3% during the fourth 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 during the period. R Squared Ltd bought a new position in TopBuild during the 4th quarter valued at approximately $72,000. Raiffeisen Bank International AG bought a new position in TopBuild during the 4th quarter valued at approximately $81,000. Trust Co. of Vermont raised its position in TopBuild by 21.8% during the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after purchasing an additional 55 shares during the last quarter. Finally, Blue Trust Inc. raised its position in TopBuild by 18.0% during the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Activity

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. Insiders own 0.43% of the company's stock.

TopBuild Stock Down 0.8%

NYSE:BLD traded down $2.35 during trading hours on Thursday, reaching $277.50. 226,243 shares of the company traded hands, compared to its average volume of 313,567. The business's 50-day moving average price is $296.08 and its two-hundred day moving average price is $323.25. The stock has a market capitalization of $7.93 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. 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 (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.81 earnings per share. Analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLD has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target on the stock. Stephens reduced their price target 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. Finally, DA Davidson reduced their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" 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. Based on data from MarketBeat, TopBuild presently has a consensus rating of "Moderate Buy" and an average price target of $380.22.

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.