Insider Selling: TopBuild Corp (NYSE:BLD) COO Sells $371,695.29 in Stock

TopBuild Corp (NYSE:BLD) COO Robert M. Buck sold 3,401 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $109.29, for a total transaction of $371,695.29. Following the transaction, the chief operating officer now owns 31,080 shares in the company, valued at $3,396,733.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

NYSE BLD opened at $105.38 on Friday. TopBuild Corp has a one year low of $41.27 and a one year high of $111.48. The company’s 50 day moving average price is $99.36 and its 200 day moving average price is $87.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.33 and a current ratio of 1.64. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 0.71 and a beta of 0.82.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.14. TopBuild had a net margin of 7.06% and a return on equity of 16.15%. The firm had revenue of $682.30 million for the quarter, compared to analyst estimates of $673.76 million. During the same quarter last year, the firm posted $1.23 earnings per share. TopBuild’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts forecast that TopBuild Corp will post 5.38 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its holdings in TopBuild by 364.8% in the second quarter. Morgan Stanley now owns 218,912 shares of the construction company’s stock valued at $18,117,000 after buying an additional 171,813 shares during the period. Janney Montgomery Scott LLC purchased a new position in TopBuild in the second quarter valued at approximately $427,000. Westfield Capital Management Co. LP raised its holdings in TopBuild by 67.6% in the second quarter. Westfield Capital Management Co. LP now owns 909,408 shares of the construction company’s stock valued at $75,263,000 after buying an additional 366,828 shares during the period. Cortina Asset Management LLC purchased a new position in TopBuild in the second quarter valued at approximately $5,179,000. Finally, Janus Henderson Group PLC raised its holdings in TopBuild by 26.1% in the second quarter. Janus Henderson Group PLC now owns 4,374 shares of the construction company’s stock valued at $362,000 after buying an additional 906 shares during the period. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Several brokerages have recently weighed in on BLD. Zelman & Associates upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Zacks Investment Research upgraded shares of TopBuild from a “hold” rating to a “strong-buy” rating and set a $125.00 price objective on the stock in a report on Tuesday. Buckingham Research increased their price objective on shares of TopBuild from $101.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Nomura increased their price objective on shares of TopBuild from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, SunTrust Banks increased their price objective on shares of TopBuild from $86.00 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $104.00.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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Insider Buying and Selling by Quarter for TopBuild (NYSE:BLD)

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