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

Brown Advisory Inc. trimmed its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,811 shares of the construction company's stock after selling 3,041 shares during the period. Brown Advisory Inc. owned about 0.24% of TopBuild worth $21,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its position in shares of TopBuild by 779.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after buying an additional 535,478 shares in the last quarter. Norges Bank purchased a new stake in shares of TopBuild in the fourth quarter worth about $108,688,000. Westwood Holdings Group Inc. purchased a new stake in shares of TopBuild in the fourth quarter worth about $80,844,000. Interval Partners LP purchased a new stake in shares of TopBuild in the fourth quarter worth about $53,424,000. Finally, GAMMA Investing LLC lifted its position in shares of TopBuild by 167,622.2% in the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after buying an additional 150,860 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction that occurred 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 transaction, the insider owned 7,007 shares of the company's stock, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BLD shares. Bank of America boosted their price objective on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday. Loop Capital boosted their price objective on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday. Stephens reduced their price objective 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. 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 note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

TopBuild Trading Up 1.6%

Shares of BLD traded up $6.18 during mid-day trading on Thursday, reaching $384.98. 731,605 shares of the company's stock traded hands, compared to its average volume of 333,196. The stock has a market cap of $11.01 billion, a P/E ratio of 19.47, a P/E/G ratio of 3.59 and a beta of 1.64. The stock's 50-day moving average is $306.05 and its two-hundred day moving average is $310.23. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the firm posted $4.81 earnings per share. The company's quarterly revenue was down 3.6% on a year-over-year basis. 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.