Crossmark Global Holdings Inc. Sells 3,297 Shares of TopBuild Corp. (NYSE:BLD)

Crossmark Global Holdings Inc. trimmed its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 57.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,398 shares of the construction company's stock after selling 3,297 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in TopBuild were worth $731,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BLD. Capital Research Global Investors grew its stake in TopBuild by 1.4% in the 4th quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock valued at $943,050,000 after purchasing an additional 41,047 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of TopBuild by 4.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock worth $271,331,000 after acquiring an additional 40,916 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of TopBuild by 779.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after acquiring an additional 535,478 shares during the period. Invesco Ltd. grew its stake in shares of TopBuild by 14.6% during the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock worth $185,353,000 after acquiring an additional 75,713 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of TopBuild by 5.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company's stock worth $150,053,000 after acquiring an additional 23,428 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 7,007 shares in the company, valued at $2,179,036.86. This 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 corporate insiders.

TopBuild Price Performance

Shares of BLD traded down $5.95 during trading hours on Friday, hitting $378.82. 491,462 shares of the stock were exchanged, compared to its average volume of 332,742. The stock's 50-day moving average price is $309.35 and its two-hundred day moving average price is $311.17. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth 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 Corp. has a 12-month low of $266.26 and a 12-month high of $495.68.

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

Analysts Set New Price Targets

Several analysts have weighed in on BLD shares. DA Davidson lowered 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. Bank of America raised their price objective on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a report on Wednesday. Loop Capital raised their price objective on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

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.