BNP Paribas Financial Markets Has $7.12 Million Stock Position in TopBuild Corp. (NYSE:BLD)

BNP Paribas Financial Markets lifted its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 89.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,865 shares of the construction company's stock after purchasing an additional 10,804 shares during the quarter. BNP Paribas Financial Markets owned 0.08% of TopBuild worth $7,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors grew its position in TopBuild by 1.4% during the 4th quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock worth $943,050,000 after acquiring an additional 41,047 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock worth $271,331,000 after purchasing an additional 40,916 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of TopBuild by 779.7% in 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 buying an additional 535,478 shares during the period. Invesco Ltd. increased its stake in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after buying an additional 75,713 shares during the period. Finally, Norges Bank bought a new position in TopBuild in the 4th quarter valued at approximately $108,688,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 7,007 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this hyperlink. 0.43% of the stock is owned by company insiders.

TopBuild Trading Up 2.6%

Shares of BLD stock traded up $7.69 during trading hours on Friday, hitting $304.11. 256,848 shares of the company were exchanged, compared to its average volume of 314,433. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company has a 50 day simple moving average of $296.60 and a two-hundred day simple moving average of $324.98. The firm has a market cap of $8.69 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD - Get Free Report) last posted 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. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $4.81 earnings per share. The business's revenue was down 3.6% compared to the same quarter last year. Equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on BLD. StockNews.com cut shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Truist Financial lowered their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Stephens reduced their price target 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. Finally, 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. Four investment 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 company has a consensus rating of "Moderate Buy" and a consensus 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.