TopBuild Corp. (NYSE:BLD) Insider Sells $540,483.24 in Stock

TopBuild Corp. (NYSE:BLD) insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now owns 7,007 shares of the company’s stock, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

TopBuild Stock Up 0.3%

NYSE BLD opened at $313.01 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a 50 day moving average of $297.04 and a 200-day moving average of $325.67. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $4.81 earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Winch Advisory Services LLC acquired a new position in TopBuild during the fourth quarter valued at approximately $26,000. V Square Quantitative Management LLC raised its position in TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. Parallel Advisors LLC raised its position in TopBuild by 111.5% during the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. Rossby Financial LCC acquired a new position in TopBuild during the first quarter valued at approximately $50,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in TopBuild by 240.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company’s stock valued at $57,000 after purchasing an additional 132 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BLD. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Stephens reduced their price objective on TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. DA Davidson reduced their price objective on TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Loop Capital reduced their price objective on TopBuild from $370.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group reduced their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $380.22.

TopBuild Company Profile

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.