TopBuild Corp. (NYSE:BLD) Shares Sold by Secure Asset Management LLC

Secure Asset Management LLC lessened its holdings in shares of TopBuild Corp. (NYSE:BLD) by 19.7% during the first quarter, HoldingsChannel reports. The fund owned 2,142 shares of the construction company’s stock after selling 525 shares during the period. Secure Asset Management LLC’s holdings in TopBuild were worth $653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in TopBuild by 57.8% during the fourth quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock worth $10,160,000 after purchasing an additional 11,948 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in TopBuild by 3.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company’s stock worth $6,192,000 after purchasing an additional 637 shares in the last quarter. Algert Global LLC boosted its position in TopBuild by 69.7% during the fourth quarter. Algert Global LLC now owns 7,031 shares of the construction company’s stock worth $2,189,000 after purchasing an additional 2,887 shares in the last quarter. Blue Trust Inc. boosted its position in TopBuild by 18.0% during the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company’s stock worth $137,000 after purchasing an additional 67 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in TopBuild by 3.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,117 shares of the construction company’s stock worth $1,282,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling

In related news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider now directly owns 7,007 shares in the company, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BLD. Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Wall Street Zen downgraded TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Loop Capital decreased their target price on TopBuild from $370.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. DA Davidson reduced their price objective on TopBuild from $435.00 to $395.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Benchmark reduced their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $380.22.

TopBuild Stock Up 1.0%

Shares of NYSE:BLD opened at $289.48 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The stock’s fifty day simple moving average is $291.18 and its 200-day simple moving average is $317.56. The company has a market capitalization of $8.28 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.82 and a beta of 1.72.

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

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.