TopBuild Corp. (NYSE:BLD) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC increased its stake in shares of TopBuild Corp. (NYSE:BLD) by 18.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,423 shares of the construction company’s stock after purchasing an additional 25,973 shares during the quarter. Lazard Asset Management LLC owned 0.53% of TopBuild worth $74,228,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Forge First Asset Management Inc. acquired a new stake in shares of TopBuild during the first quarter worth $16,158,000. Nordea Investment Management AB raised its position in TopBuild by 4,820.9% in the first quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock worth $12,825,000 after acquiring an additional 28,395 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new position in TopBuild in the fourth quarter worth $221,000. International Assets Investment Management LLC raised its position in TopBuild by 8,850.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,117 shares of the construction company’s stock worth $1,541,000 after acquiring an additional 4,071 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of TopBuild in the fourth quarter valued at $154,983,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TopBuild

In other TopBuild news, CFO Robert M. Kuhns sold 540 shares of TopBuild stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $406.53, for a total transaction of $219,526.20. Following the sale, the chief financial officer now directly owns 15,928 shares in the company, valued at approximately $6,475,209.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TopBuild news, CEO Robert M. Buck sold 5,000 shares of TopBuild stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the sale, the chief executive officer now directly owns 71,968 shares in the company, valued at approximately $29,054,920.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert M. Kuhns sold 540 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $406.53, for a total value of $219,526.20. Following the completion of the sale, the chief financial officer now owns 15,928 shares of the company’s stock, valued at $6,475,209.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,340 shares of company stock worth $3,407,994. 0.46% of the stock is currently owned by company insiders.

TopBuild Stock Up 4.8 %

Shares of NYSE:BLD traded up $21.42 during mid-day trading on Friday, hitting $466.52. 334,024 shares of the company traded hands, compared to its average volume of 290,334. The firm has a market cap of $14.84 billion, a P/E ratio of 23.51, a PEG ratio of 2.16 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81. TopBuild Corp. has a 52-week low of $217.08 and a 52-week high of $470.93. The firm’s 50 day simple moving average is $409.80 and its 200 day simple moving average is $404.24.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 7th. The construction company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.56 by $0.25. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $4.36 EPS. On average, equities analysts anticipate that TopBuild Corp. will post 21.63 EPS for the current year.

Analysts Set New Price Targets

BLD has been the subject of a number of research analyst reports. Stephens restated an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th. Benchmark increased their price objective on TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Evercore ISI increased their price objective on TopBuild from $529.00 to $555.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group increased their price objective on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $461.89.

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.