Nomura Holdings Inc. Takes Position in TopBuild Corp. (NYSE:BLD)

Nomura Holdings Inc. purchased a new stake in shares of TopBuild Corp. (NYSE:BLD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,891 shares of the construction company’s stock, valued at approximately $1,211,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares in the last quarter. R Squared Ltd purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $72,000. Trust Co. of Vermont lifted its holdings in TopBuild by 21.8% during the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company’s stock worth $96,000 after acquiring an additional 55 shares during the period. Blue Trust Inc. lifted its holdings in TopBuild by 18.0% during the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company’s stock worth $137,000 after acquiring an additional 67 shares during the period. Finally, Avior Wealth Management LLC purchased a new position in TopBuild in the fourth quarter worth $159,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Steven P. Raia sold 1,738 shares of the 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 transaction, the insider now owns 7,007 shares of the company’s stock, 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 this link. 0.43% of the stock is owned by company insiders.

TopBuild Stock Up 2.6%

BLD stock opened at $304.11 on Monday. The stock has a 50-day simple moving average of $296.72 and a two-hundred day simple moving average of $324.20. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The firm has a market capitalization of $8.69 billion, a PE ratio of 15.34, a PEG ratio of 1.82 and a beta of 1.72. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $4.81 EPS. TopBuild’s revenue was down 3.6% on a year-over-year basis. On average, equities analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on BLD shares. Loop Capital decreased their price objective on shares of TopBuild from $370.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Stephens reduced their target price on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. 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. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $380.22.

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.