Brown Advisory Inc. Sells 3,041 Shares of TopBuild Corp. (NYSE:BLD)

Brown Advisory Inc. cut its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,811 shares of the construction company's stock after selling 3,041 shares during the quarter. Brown Advisory Inc. owned about 0.24% of TopBuild worth $21,289,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in TopBuild by 111.5% during the 1st 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 purchased a new stake in shares of TopBuild during the first quarter valued at approximately $50,000. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 acquiring an additional 132 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in shares of TopBuild during the fourth quarter valued at approximately $81,000. Finally, UMB Bank n.a. raised its holdings in TopBuild by 144.2% in the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company's stock worth $103,000 after acquiring an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Activity

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

TopBuild Stock Performance

Shares of TopBuild stock traded down $5.95 during trading hours on Friday, reaching $378.82. 491,462 shares of the stock traded hands, compared to its average volume of 333,315. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 4.24 and a beta of 1.64. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $309.35 and a 200 day moving average price of $311.20.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $4.81 earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on BLD shares. Stephens cut their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target on the stock. Loop Capital lifted their price objective on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday. DA Davidson decreased their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, TopBuild presently has an average rating of "Moderate Buy" and an average target price of $387.27.

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.