Charles Schwab Investment Management Inc. Has $80.05 Million Holdings in TopBuild Corp. (NYSE:BLD)

Charles Schwab Investment Management Inc. lifted its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 262,487 shares of the construction company's stock after buying an additional 10,899 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.90% of TopBuild worth $80,045,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares 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 worth $39,000 after buying an additional 68 shares in the last quarter. Rossby Financial LCC acquired a new stake in shares of TopBuild during the first quarter worth about $50,000. MassMutual Private Wealth & Trust FSB lifted its position in TopBuild by 240.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after purchasing an additional 132 shares during the period. Signaturefd LLC increased its holdings in TopBuild by 170.1% in the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock valued at $80,000 after buying an additional 165 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of TopBuild during the 4th quarter worth approximately $81,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on BLD shares. DA Davidson lowered their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Benchmark boosted their price objective on shares of TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. UBS Group set a $370.00 target price on shares of TopBuild and gave the company a "hold" rating in a report on Tuesday, August 5th. Stephens reduced their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, Evercore ISI lifted their target price on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a report on Wednesday, August 6th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $394.67.

TopBuild Stock Down 1.0%

Shares of TopBuild stock traded down $4.21 during trading on Friday, reaching $432.68. The company had a trading volume of 402,110 shares, compared to its average volume of 419,001. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The firm's fifty day moving average is $359.33 and its 200-day moving average is $321.70. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 5.78 and a beta of 1.63.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.07 by $0.24. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. TopBuild's quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.42 EPS. On average, analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling at TopBuild

In related news, CFO Robert M. Kuhns sold 2,000 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $416.10, for a total value of $832,200.00. Following the completion of the sale, the chief financial officer owned 15,633 shares in the company, valued at approximately $6,504,891.30. This represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff M. Krestancic sold 373 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the sale, the insider owned 4,934 shares of the company's stock, valued at approximately $2,047,610. This trade represents a 7.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,313 shares of company stock valued at $5,118,903 in the last ninety days. Company insiders own 0.43% of the company's stock.

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.