Deutsche Bank AG Purchases 10,097 Shares of TopBuild Corp. (NYSE:BLD)

Key Points

• Deutsche Bank AG increased its stake in TopBuild Corp. by 8.4%, purchasing 10,097 additional shares and holding approximately $39.83 million worth of stock.
• Several analysts set new price targets for TopBuild, ranging from $320.00 to $444.00, with differing ratings from "hold" to "buy." The average consensus price target stands at $394.67.
• TopBuild reported earnings of $5.31 per share for the quarter, exceeding estimates, despite a 5.0% year-over-year revenue decline to $1.30 billion.

Deutsche Bank AG grew its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 8.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,611 shares of the construction company's stock after purchasing an additional 10,097 shares during the quarter. Deutsche Bank AG owned approximately 0.45% of TopBuild worth $39,830,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of TopBuild by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 262,487 shares of the construction company's stock valued at $80,045,000 after acquiring an additional 10,899 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of TopBuild by 5.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 274,518 shares of the construction company's stock valued at $83,714,000 after acquiring an additional 14,852 shares during the period. McClarren Financial Advisors Inc. raised its stake in shares of TopBuild by 18.9% in the 1st quarter. McClarren Financial Advisors Inc. now owns 1,473 shares of the construction company's stock valued at $449,000 after acquiring an additional 234 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of TopBuild by 9.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,842 shares of the construction company's stock valued at $1,782,000 after acquiring an additional 512 shares during the period. Finally, Moors & Cabot Inc. purchased a new position in shares of TopBuild in the 1st quarter valued at $212,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Insiders Place Their Bets

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

TopBuild Stock Performance

Shares of NYSE BLD traded down $4.21 during mid-day trading on Friday, reaching $432.68. 402,110 shares of the company's stock were exchanged, compared to its average volume of 419,001. The firm has a market capitalization 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 Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. The firm has a 50-day moving average price of $359.33 and a two-hundred day moving average price of $321.70.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on BLD. 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, July 9th. Stephens decreased their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. UBS Group set a $370.00 price target on shares of TopBuild and gave the company a "hold" rating in a report on Tuesday, August 5th. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Finally, DA Davidson cut their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TopBuild currently has an average rating of "Moderate Buy" and a consensus target price of $394.67.

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.