Banque Pictet & Cie SA Invests $1.07 Million in TopBuild Corp. (NYSE:BLD)

Banque Pictet & Cie SA bought a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,517 shares of the construction company's stock, valued at approximately $1,073,000.

A number of other institutional investors have also made changes to their positions in BLD. Greenleaf Trust raised its holdings in TopBuild by 20.7% during the first quarter. Greenleaf Trust now owns 1,682 shares of the construction company's stock worth $513,000 after acquiring an additional 288 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in TopBuild by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 236,600 shares of the construction company's stock valued at $72,151,000 after purchasing an additional 5,265 shares during the period. Seascape Capital Management boosted its stake in TopBuild by 0.7% in 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. Rossby Financial LCC bought a new stake in shares of TopBuild during the 1st quarter valued at $50,000. Finally, Summit Trail Advisors LLC bought a new stake in shares of TopBuild during the 1st quarter valued at $728,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the subject of a number of recent research reports. Loop Capital upped their target price on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday. Bank of America upped their target price on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday. DA Davidson cut their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Stephens decreased their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $387.27.

Insider Transactions at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider directly owned 7,007 shares of the company's stock, valued at $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.43% of the stock is currently owned by insiders.

TopBuild Price Performance

Shares of BLD traded down $5.95 during midday trading on Friday, hitting $378.82. 491,462 shares of the company traded hands, compared to its average volume of 332,742. The firm has a 50 day moving average of $309.35 and a 200-day moving average of $311.17. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 4.17 and a beta of 1.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.47 and a current ratio of 2.02.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $4.81 EPS. On average, analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.