Park Avenue Securities LLC Cuts Stake in TopBuild Corp. (NYSE:BLD)

Park Avenue Securities LLC trimmed its holdings in TopBuild Corp. (NYSE:BLD) by 17.4% in the first quarter, HoldingsChannel reports. The fund owned 1,023 shares of the construction company’s stock after selling 216 shares during the period. Park Avenue Securities LLC’s holdings in TopBuild were worth $451,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cornercap Investment Counsel Inc. purchased a new stake in TopBuild during the fourth quarter valued at about $221,000. International Assets Investment Management LLC increased its stake in TopBuild by 8,850.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,117 shares of the construction company’s stock worth $1,541,000 after purchasing an additional 4,071 shares during the period. Norges Bank bought a new stake in TopBuild in the fourth quarter valued at approximately $154,983,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake 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 valued at $140,993,000 after purchasing an additional 130,563 shares during the period. Finally, Axiom Investors LLC DE purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $87,451,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Transactions at TopBuild

In related news, CEO Robert M. Buck sold 2,500 shares of TopBuild stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the completion of the transaction, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at approximately $29,041,097.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Robert M. Buck sold 5,000 shares of TopBuild stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the transaction, the chief executive officer now owns 71,968 shares of the company’s stock, valued at approximately $29,054,920.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the sale, the chief executive officer now directly owns 69,468 shares in the company, valued at $29,041,097.40. The disclosure for this sale can be found here. Insiders have sold 8,340 shares of company stock valued at $3,407,994 in the last three months. 0.46% of the stock is currently owned by company insiders.

TopBuild Stock Up 1.0 %

BLD stock opened at $385.27 on Friday. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $452.87. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.76 and a beta of 1.75. The business’s 50 day moving average price is $403.92 and its two-hundred day moving average price is $396.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.36 earnings per share. As a group, analysts forecast that TopBuild Corp. will post 21.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on BLD shares. Bank of America upped their price target on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Benchmark upped their price objective on shares of TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. DA Davidson assumed coverage on TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 target price on the stock. Stephens reaffirmed an “equal weight” rating and set a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.90.

TopBuild 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.