260 Shares in TopBuild Corp. (NYSE:BLD) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of TopBuild Corp. (NYSE:BLD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 260 shares of the construction company’s stock, valued at approximately $81,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BLD. Assenagon Asset Management S.A. increased its position in TopBuild by 203.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 17,538 shares of the construction company’s stock worth $5,460,000 after acquiring an additional 11,760 shares during the period. Park Avenue Securities LLC increased its position in TopBuild by 22.8% during the fourth quarter. Park Avenue Securities LLC now owns 1,070 shares of the construction company’s stock worth $333,000 after acquiring an additional 199 shares during the period. Burney Co. bought a new position in TopBuild during the fourth quarter worth $249,000. Trust Co. of Vermont increased its holdings in TopBuild by 21.8% in the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company’s stock valued at $96,000 after buying an additional 55 shares during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in TopBuild by 152.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,695 shares of the construction company’s stock valued at $1,773,000 after buying an additional 3,437 shares during the period. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BLD shares. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark lowered their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Loop Capital lowered their price target on shares of TopBuild from $370.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Stephens lowered their price target 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. Finally, DA Davidson lowered their price target on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $380.22.

TopBuild Stock Up 2.6%

Shares of NYSE:BLD opened at $304.11 on Monday. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company’s fifty day moving average is $296.72 and its 200-day moving average 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.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS 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 company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $4.81 EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Activity

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 transaction of $540,483.24. Following the transaction, the insider now owns 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

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.