Deutsche Bank AG Acquires 10,097 Shares of TopBuild Corp. (NYSE:BLD)

Deutsche Bank AG lifted its holdings in TopBuild Corp. (NYSE:BLD) by 8.4% in the first quarter, HoldingsChannel.com reports. The fund owned 130,611 shares of the construction company’s stock after buying an additional 10,097 shares during the quarter. Deutsche Bank AG’s holdings in TopBuild were worth $39,830,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its stake in TopBuild by 779.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock valued at $188,098,000 after buying an additional 535,478 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in TopBuild during the fourth quarter valued at approximately $80,844,000. Interval Partners LP bought a new position in TopBuild during the fourth quarter valued at approximately $53,424,000. GAMMA Investing LLC boosted its stake in TopBuild by 167,622.2% during the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company’s stock valued at $46,032,000 after buying an additional 150,860 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in TopBuild by 32.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company’s stock valued at $117,992,000 after buying an additional 94,389 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the transaction, the insider owned 4,934 shares of the company’s stock, valued at $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of the transaction, the vice president directly owned 10,349 shares in the company, valued at approximately $4,295,041.98. This trade represents a 8.73% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,313 shares of company stock valued at $5,118,903. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Loop Capital increased their price target on TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Seaport Res Ptn raised TopBuild from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. UBS Group set a $370.00 price objective on TopBuild and gave the company a “hold” rating in a research report on Tuesday, August 5th. Evercore ISI upped their price objective on TopBuild from $347.00 to $418.00 and gave the company an “in-line” rating in a research report on Wednesday, August 6th. Finally, Bank of America upped their price objective on TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $394.67.

TopBuild Trading Up 3.5%

Shares of NYSE BLD opened at $429.46 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. The business’s 50 day moving average price is $350.80 and its 200-day moving average price is $319.76. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $429.96. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 5.55 and a beta of 1.63.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.07 by $0.24. TopBuild had a return on equity of 28.32% and a net margin of 11.40%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business posted $5.42 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.