Rafferty Asset Management LLC Increases Stake in TopBuild Corp. (NYSE:BLD)

Rafferty Asset Management LLC increased its position in shares of TopBuild Corp. (NYSE:BLDFree Report) by 21.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,891 shares of the construction company’s stock after purchasing an additional 4,112 shares during the period. Rafferty Asset Management LLC owned approximately 0.07% of TopBuild worth $8,567,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its position in shares of TopBuild by 13.8% during the 3rd quarter. FMR LLC now owns 1,100,719 shares of the construction company’s stock worth $276,941,000 after buying an additional 133,835 shares in the last quarter. Invesco Ltd. boosted its stake in shares of TopBuild by 3.9% during the third quarter. Invesco Ltd. now owns 880,779 shares of the construction company’s stock valued at $221,604,000 after purchasing an additional 32,771 shares in the last quarter. Norges Bank purchased a new position in TopBuild during the fourth quarter valued at approximately $154,983,000. William Blair Investment Management LLC bought a new position in TopBuild in the third quarter worth approximately $95,147,000. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in TopBuild by 83.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 275,000 shares of the construction company’s stock worth $69,190,000 after buying an additional 125,000 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of BLD opened at $413.76 on Thursday. The firm has a market capitalization of $13.17 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.81 and a quick ratio of 2.33. The company’s fifty day moving average price is $412.07 and its 200-day moving average price is $385.32. TopBuild Corp. has a 1-year low of $215.62 and a 1-year high of $452.87.

TopBuild (NYSE:BLDGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned $4.36 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts predict that TopBuild Corp. will post 21.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BLD shares. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. Stephens restated an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a report on Tuesday, April 23rd. DA Davidson initiated coverage on shares of TopBuild in a research note on Tuesday, March 5th. They set a “buy” rating and a $470.00 price objective for the company. Benchmark raised their target price on shares of TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, Evercore ISI upped their price target on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $420.90.

View Our Latest Analysis on BLD

Insiders Place Their Bets

In other news, Director Nancy M. Taylor sold 300 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $415.81, for a total value of $124,743.00. Following the sale, the director now owns 5,920 shares in the company, valued at $2,461,595.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Nancy M. Taylor sold 300 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $415.81, for a total value of $124,743.00. Following the completion of the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert M. Buck sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $403.72, for a total value of $2,018,600.00. Following the sale, the chief executive officer now directly owns 71,968 shares in the company, valued at $29,054,920.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,840 shares of company stock valued at $2,362,869. 0.39% of the stock is owned by insiders.

TopBuild Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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