Massachusetts Financial Services Co. MA Sells 13,652 Shares of TopBuild Corp. (NYSE:BLD)

Massachusetts Financial Services Co. MA lowered its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,154 shares of the construction company's stock after selling 13,652 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.52% of TopBuild worth $46,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in shares of TopBuild by 170.1% during the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company's stock valued at $80,000 after acquiring an additional 165 shares during the last quarter. Edgestream Partners L.P. raised its holdings in shares of TopBuild by 851.3% during the 1st quarter. Edgestream Partners L.P. now owns 19,378 shares of the construction company's stock valued at $5,909,000 after buying an additional 17,341 shares in the last quarter. CWM LLC raised its holdings in shares of TopBuild by 29.3% during the 1st quarter. CWM LLC now owns 375 shares of the construction company's stock valued at $114,000 after buying an additional 85 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of TopBuild by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the construction company's stock valued at $2,501,000 after buying an additional 100 shares in the last quarter. Finally, PYA Waltman Capital LLC raised its holdings in shares of TopBuild by 38.0% during the 1st quarter. PYA Waltman Capital LLC now owns 6,026 shares of the construction company's stock valued at $1,837,000 after buying an additional 1,659 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Down 1.7%

Shares of NYSE BLD traded down $6.19 during mid-day trading on Friday, hitting $356.92. 289,791 shares of the stock traded hands, compared to its average volume of 334,452. 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 52 week low of $266.26 and a 52 week high of $495.68. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 3.95 and a beta of 1.64. The stock has a fifty day moving average price of $315.36 and a 200-day moving average price of $312.62.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating 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 analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $4.81 earnings per share. The firm's revenue was down 3.6% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild 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 directly owned 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLD. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective on the stock. 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, July 9th. JPMorgan Chase & Co. lifted their price target on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. DA Davidson decreased their price target 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, Stephens decreased their price target 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. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.