Forge First Asset Management Inc. Makes New Investment in TopBuild Corp. (NYSE:BLD)

Forge First Asset Management Inc. bought a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 36,724 shares of the construction company's stock, valued at approximately $16,158,000. TopBuild comprises 5.1% of Forge First Asset Management Inc.'s investment portfolio, making the stock its 4th biggest position. Forge First Asset Management Inc. owned about 0.12% of TopBuild as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of TopBuild in the fourth quarter valued at $154,983,000. Axiom Investors LLC DE purchased a new stake in TopBuild during the fourth quarter worth about $87,451,000. Capital International Investors lifted its position in shares of TopBuild by 14.0% during the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company's stock worth $605,200,000 after purchasing an additional 198,614 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of TopBuild by 53.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company's stock worth $140,993,000 after purchasing an additional 130,563 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of TopBuild by 268.8% in the fourth quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company's stock valued at $27,703,000 after purchasing an additional 53,950 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of BLD stock traded down $1.08 during mid-day trading on Friday, reaching $447.75. The stock had a trading volume of 165,807 shares, compared to its average volume of 335,684. The business has a 50-day simple moving average of $406.01 and a 200 day simple moving average of $400.82. The company has a market cap of $14.25 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 2.07 and a beta of 1.76. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $470.93. The company has a current ratio of 2.81, a quick ratio of 2.33 and a debt-to-equity ratio of 0.50.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 EPS for the quarter, topping analysts' consensus estimates of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the business posted $4.36 EPS. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that TopBuild Corp. will post 21.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BLD. Benchmark boosted their price objective on TopBuild from $450.00 to $470.00 and gave the stock a "buy" rating in a research report on Wednesday, May 8th. Jefferies Financial Group boosted their target price on TopBuild from $486.00 to $536.00 and gave the stock a "buy" rating in a research note on Wednesday. Stephens reaffirmed an "equal weight" rating and issued a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. Evercore ISI boosted their price target on TopBuild from $529.00 to $555.00 and gave the company an "outperform" rating in a research report on Monday, July 15th. Finally, StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $461.89.

Insider Activity

In other news, Director Nancy M. Taylor sold 300 shares of the firm's stock in a transaction on Friday, May 31st. The stock was sold at an average price of $415.81, for a total transaction of $124,743.00. Following the sale, the director now owns 5,920 shares in the company, valued at $2,461,595.20. The transaction was disclosed in a legal filing 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 the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 71,968 shares in the company, valued at $29,054,920.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy M. Taylor sold 300 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $415.81, for a total transaction of $124,743.00. Following the sale, the director now directly owns 5,920 shares of the company's stock, valued at approximately $2,461,595.20. The disclosure for this sale can be found here. Insiders sold a total of 8,340 shares of company stock valued at $3,407,994 over the last 90 days. Insiders own 0.46% of the company's stock.

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.