5 Best Growth Stocks for 2022

2. TopBuild Corp. (NYSE:BLD)

Number of Hedge Fund Holders: 17    

TopBuild Corp. (NYSE:BLD) is a Florida-based homebuilding company. It recently acquired Tonks Insulation and Shepherds Insulation, two homebuilding firms that have robust pipelines and generated over $6 million in revenue last year. The purchase adds to the specialty distribution capabilities of TopBuild ahead of 2022. 

Truist analyst Keith Hughes recently raised the price target on TopBuild Corp. (NYSE:BLD) stock to $300 from $253 and kept a Buy rating on the shares, noting that the firm was showing good margin growth going into 2022. 

At the end of the third quarter of 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $93 million in TopBuild Corp. (NYSE:BLD).