KBC Group NV Has $420,000 Stake in TopBuild Corp. (NYSE:BLD)

KBC Group NV decreased its position in TopBuild Corp. (NYSE:BLD) by 86.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,378 shares of the construction company’s stock after selling 8,960 shares during the period. KBC Group NV’s holdings in TopBuild were worth $420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings in TopBuild by 3.8% in the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company’s stock valued at $400,000 after buying an additional 48 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in TopBuild by 3.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company’s stock valued at $6,192,000 after buying an additional 637 shares during the period. Algert Global LLC lifted its holdings in TopBuild by 69.7% in the fourth quarter. Algert Global LLC now owns 7,031 shares of the construction company’s stock valued at $2,189,000 after buying an additional 2,887 shares during the period. Two Sigma Investments LP lifted its holdings in TopBuild by 192.7% in the fourth quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company’s stock valued at $5,407,000 after buying an additional 11,434 shares during the period. Finally, Ausbil Investment Management Ltd bought a new stake in TopBuild in the first quarter valued at $269,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider directly owned 7,007 shares in the company, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is currently owned by insiders.

TopBuild Trading Up 0.7%

NYSE:BLD opened at $347.63 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The firm has a 50-day moving average of $302.24 and a 200-day moving average of $309.25. The company has a market cap of $9.94 billion, a PE ratio of 17.58, a PEG ratio of 3.49 and a beta of 1.64. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on BLD. Stephens decreased their price target on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. DA Davidson decreased their price target on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Loop Capital decreased their price target on shares of TopBuild from $370.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price target for the company. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and a consensus target price 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.