TopBuild Corp. (NYSE:BLD) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp lifted its holdings in TopBuild Corp. (NYSE:BLD) by 22.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358 shares of the construction company’s stock after purchasing an additional 66 shares during the quarter. Fifth Third Bancorp’s holdings in TopBuild were worth $109,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in TopBuild by 240.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company’s stock worth $57,000 after acquiring an additional 132 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in TopBuild in the 4th quarter worth $81,000. UMB Bank n.a. raised its stake in TopBuild by 144.2% in the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company’s stock worth $103,000 after acquiring an additional 199 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new position in TopBuild in the 4th quarter worth $111,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Up 1.3%

Shares of TopBuild stock opened at $297.78 on Friday. The stock has a market cap of $8.51 billion, a P/E ratio of 15.06, a P/E/G ratio of 2.99 and a beta of 1.62. The stock’s 50 day simple moving average is $292.93 and its 200-day simple moving average is $311.85. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.81 EPS. Analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Benchmark reduced their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Loop Capital reduced their price objective on TopBuild from $370.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Wall Street Zen lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Truist Financial reduced 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. Finally, Stephens reduced their price objective on TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $380.22.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of the company’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 sale, the insider now owns 7,007 shares of the company’s stock, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company’s stock.

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.