Bank Julius Baer & Co. Ltd Zurich Has $86,000 Stock Position in TopBuild Corp. (NYSE:BLD)

Bank Julius Baer & Co. Ltd Zurich reduced its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 92.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283 shares of the construction company's stock after selling 3,377 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in TopBuild were worth $86,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BLD. Snowden Capital Advisors LLC increased its position in shares of TopBuild by 2.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock valued at $429,000 after purchasing an additional 33 shares during the period. QRG Capital Management Inc. increased its position in shares of TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after purchasing an additional 48 shares during the period. Seascape Capital Management increased its position in shares of TopBuild by 0.7% during the 1st quarter. Seascape Capital Management now owns 7,989 shares of the construction company's stock valued at $2,436,000 after purchasing an additional 52 shares during the period. Janus Henderson Group PLC increased its position in shares of TopBuild by 0.3% during the 4th quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock valued at $5,678,000 after purchasing an additional 54 shares during the period. Finally, Fortem Financial Group LLC increased its position in shares of TopBuild by 1.2% during the 1st quarter. Fortem Financial Group LLC now owns 5,300 shares of the construction company's stock valued at $1,616,000 after purchasing an additional 64 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Loop Capital raised their price objective on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Finally, Stephens reduced their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $387.27.

Insider Transactions at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the sale, the insider owned 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.43% of the company's stock.

TopBuild Stock Up 0.5%

Shares of TopBuild stock traded up $1.80 during midday trading on Monday, hitting $385.77. The company's stock had a trading volume of 36,566 shares, compared to its average volume of 360,016. The firm has a market capitalization of $11.03 billion, a P/E ratio of 19.53, a PEG ratio of 4.93 and a beta of 1.64. The stock has a 50-day simple moving average of $323.60 and a 200-day simple moving average of $314.97. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. TopBuild's revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.81 earnings per share. As a group, sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

About TopBuild

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.