State of Alaska Department of Revenue Has $1.05 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

State of Alaska Department of Revenue increased its stake in shares of TopBuild Corp. (NYSE:BLD) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,436 shares of the construction company’s stock after purchasing an additional 90 shares during the quarter. State of Alaska Department of Revenue’s holdings in TopBuild were worth $1,047,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BLD. QRG Capital Management Inc. grew its stake in shares of TopBuild by 3.8% in the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company’s stock worth $400,000 after purchasing an additional 48 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of TopBuild by 32.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company’s stock worth $117,992,000 after purchasing an additional 94,389 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of TopBuild by 22.6% in the first quarter. Fifth Third Bancorp now owns 358 shares of the construction company’s stock worth $109,000 after purchasing an additional 66 shares during the last quarter. Simon Quick Advisors LLC bought a new stake in shares of TopBuild in the first quarter worth $260,000. Finally, Handelsbanken Fonder AB grew its stake in shares of TopBuild by 22.7% in the first quarter. Handelsbanken Fonder AB now owns 9,737 shares of the construction company’s stock worth $2,969,000 after purchasing an additional 1,800 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BLD. Loop Capital cut their price target on shares of TopBuild from $370.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Benchmark cut their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price target on the stock. Truist Financial cut their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Finally, Stephens cut their price target on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report 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 has an average rating of “Moderate Buy” and an average target price of $380.22.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $321.21 on Friday. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 3.21 and a beta of 1.62. The company has a 50-day moving average price of $296.45 and a 200-day moving average price of $309.78. The company has a current ratio of 2.02, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.81 EPS. As a group, equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Activity at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was 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 of the company’s stock, valued at $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by insiders.

TopBuild Company 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.