BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Invests $16.62 Million in TopBuild Corp. (NYSE:BLD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of TopBuild Corp. (NYSE:BLD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 53,393 shares of the construction company’s stock, valued at approximately $16,623,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.18% of TopBuild at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Snowden Capital Advisors LLC lifted its position in TopBuild by 2.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company’s stock worth $429,000 after buying an additional 33 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of TopBuild by 0.7% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock worth $1,681,000 after purchasing an additional 40 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of TopBuild by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company’s stock valued at $301,000 after purchasing an additional 48 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in TopBuild by 0.3% in the 4th quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company’s stock worth $5,678,000 after purchasing an additional 54 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.43% of the company’s stock.

TopBuild Price Performance

Shares of BLD opened at $279.10 on Thursday. The stock has a market cap of $7.98 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The stock’s 50-day moving average price is $296.08 and its two-hundred day moving average price is $323.25. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.20. The business 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%. TopBuild’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the company posted $4.81 EPS. On average, equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Benchmark decreased their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Loop Capital cut their price target on TopBuild from $370.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. DA Davidson lowered their price objective on TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Truist Financial dropped their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $380.22.

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.