Amiral Gestion Takes $486,000 Position in TopBuild Corp. (NYSE:BLD)

Amiral Gestion purchased a new stake in shares of TopBuild Corp. (NYSE:BLD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,560 shares of the construction company’s stock, valued at approximately $486,000. TopBuild makes up about 0.3% of Amiral Gestion’s investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank lifted its position in shares of TopBuild by 62.8% during the 4th quarter. Toronto Dominion Bank now owns 3,436 shares of the construction company’s stock valued at $1,069,000 after buying an additional 1,326 shares during the last quarter. GTS Securities LLC purchased a new position in shares of TopBuild during the 4th quarter valued at $268,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of TopBuild during the 4th quarter valued at $16,623,000. Voloridge Investment Management LLC purchased a new position in shares of TopBuild during the 4th quarter valued at $10,967,000. Finally, Westwood Holdings Group Inc. purchased a new position in shares of TopBuild during the 4th quarter valued at $80,844,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE:BLD opened at $279.65 on Friday. The business’s 50-day moving average price is $295.24 and its two-hundred day moving average price is $322.01. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The stock has a market cap of $7.99 billion, a P/E ratio of 14.11, 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 released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm posted $4.81 EPS. The company’s revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BLD. Loop Capital decreased their price objective on TopBuild from $370.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Stephens decreased their price objective on TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. DA Davidson decreased their price objective on TopBuild from $435.00 to $395.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Benchmark decreased 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, Wall Street Zen lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and an average price target of $380.22.

Insider Buying and Selling at TopBuild

In other TopBuild 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.