Nomura Holdings Inc. Invests $1.21 Million in TopBuild Corp. (NYSE:BLD)

Nomura Holdings Inc. acquired a new position in TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,891 shares of the construction company’s stock, valued at approximately $1,211,000.

A number of other hedge funds have also recently made changes to their positions in the business. Capital Research Global Investors increased its stake in shares of TopBuild by 1.4% in the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company’s stock worth $943,050,000 after buying an additional 41,047 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of TopBuild by 4.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock worth $271,331,000 after buying an additional 40,916 shares during the period. 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 worth $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 worth $185,353,000 after buying an additional 75,713 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of TopBuild by 5.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company’s stock worth $150,053,000 after buying an additional 23,428 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLD has been the topic of several analyst reports. Benchmark decreased their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Stephens decreased 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 note on Thursday, May 8th. Truist Financial decreased their target price 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $380.22.

Insider Buying and Selling

In related news, insider Steven P. Raia sold 1,738 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were 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 in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.43% of the stock is currently owned by company insiders.

TopBuild Stock Up 2.6%

NYSE:BLD opened at $304.11 on Monday. The firm’s 50-day moving average price is $296.72 and its 200-day moving average price is $324.20. The company has a market capitalization of $8.69 billion, a PE ratio of 15.34, a P/E/G ratio of 1.82 and a beta of 1.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion for 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 company’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.81 EPS. On average, equities analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.