MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 11,792 Shares of TopBuild Corp. (NYSE:BLD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TopBuild Corp. (NYSE:BLD - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,533 shares of the construction company's stock after buying an additional 11,792 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.74% of TopBuild worth $68,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its stake in shares of TopBuild by 779.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock valued at $188,098,000 after purchasing an additional 535,478 shares during the period. Norges Bank purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $108,688,000. Interval Partners LP purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $53,424,000. E. Ohman J or Asset Management AB purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $23,906,000. Finally, Invesco Ltd. boosted its stake in shares of TopBuild by 14.6% during the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after purchasing an additional 75,713 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insiders Place Their Bets

In other news, insider Steven P. Raia sold 1,738 shares of the firm's 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 in the company, valued at $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

TopBuild Stock Up 2.6%

BLD traded up $7.69 during trading on Friday, reaching $304.11. The stock had a trading volume of 256,848 shares, compared to its average volume of 314,680. The stock's 50 day moving average is $296.72 and its two-hundred day moving average is $324.40. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BLD shares. Truist Financial dropped their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Benchmark dropped 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 began coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Finally, DA Davidson dropped their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $380.22.

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.