Janney Montgomery Scott LLC Has $292,000 Position in TopBuild Corp. (NYSE:BLD)

Janney Montgomery Scott LLC reduced its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 76.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 959 shares of the construction company's stock after selling 3,158 shares during the period. Janney Montgomery Scott LLC's holdings in TopBuild were worth $292,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Snowden Capital Advisors LLC increased its stake in TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock valued at $429,000 after purchasing an additional 33 shares in the last quarter. Janus Henderson Group PLC increased its stake in TopBuild by 0.3% in the fourth quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock valued at $5,678,000 after purchasing an additional 54 shares in the last quarter. ProShare Advisors LLC increased its stake in TopBuild by 5.0% in the fourth quarter. ProShare Advisors LLC now owns 1,373 shares of the construction company's stock valued at $427,000 after purchasing an additional 66 shares in the last quarter. Fifth Third Bancorp increased its stake in TopBuild by 22.6% in the first quarter. Fifth Third Bancorp now owns 358 shares of the construction company's stock valued at $109,000 after purchasing an additional 66 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in TopBuild by 111.5% in the first 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. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the transaction, the insider owned 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.43% of the company's stock.

Wall Street Analyst Weigh In

BLD has been the subject of several research reports. Stephens lowered their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. DA Davidson lowered their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Finally, Loop Capital lowered their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, TopBuild presently has an average rating of "Moderate Buy" and a consensus price target of $380.22.

TopBuild Stock Up 0.7%

TopBuild stock opened at $347.63 on Friday. The company has a market cap of $9.94 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 3.49 and a beta of 1.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a fifty day simple moving average of $302.24 and a 200 day simple moving average of $309.19. The company has a current ratio of 2.02, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62.

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

About TopBuild

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.

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