Moran Wealth Management LLC Has $4.38 Million Holdings in TopBuild Corp. (NYSE:BLD)

Moran Wealth Management LLC decreased its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,353 shares of the construction company's stock after selling 3,416 shares during the quarter. Moran Wealth Management LLC's holdings in TopBuild were worth $4,377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of TopBuild by 111.5% during the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of TopBuild by 240.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after buying an additional 132 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in shares of TopBuild in the 4th quarter valued at $81,000. UMB Bank n.a. increased its position in shares of TopBuild by 144.2% in the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company's stock valued at $103,000 after buying an additional 199 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of TopBuild by 22.6% in the 1st quarter. Fifth Third Bancorp now owns 358 shares of the construction company's stock valued at $109,000 after buying an additional 66 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Transactions at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the transaction, the insider now directly owns 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.43% of the company's stock.

TopBuild Stock Up 1.5%

BLD stock traded up $4.72 during trading hours on Friday, reaching $325.65. 409,678 shares of the stock were exchanged, compared to its average volume of 325,287. The firm's 50-day moving average is $297.26 and its 200-day moving average is $308.77. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 3.26 and a beta of 1.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. 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 posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business posted $4.81 EPS. The company's quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BLD shares. 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. 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. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective for the company. Benchmark lowered their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, TopBuild presently has an average rating of "Moderate Buy" and a consensus price target of $380.22.

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.