TopBuild Corp. (NYSE:BLD) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 19.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,353 shares of the construction company's stock after selling 3,416 shares during the period. Moran Wealth Management LLC's holdings in TopBuild were worth $4,377,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BLD. T. Rowe Price Investment Management Inc. grew its holdings in 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 valued at $188,098,000 after buying an additional 535,478 shares in the last quarter. Norges Bank purchased a new position in shares of TopBuild in the fourth quarter valued at $108,688,000. Westwood Holdings Group Inc. purchased a new position in shares of TopBuild in the fourth quarter valued at $80,844,000. Interval Partners LP purchased a new position in shares of TopBuild in the fourth quarter valued at $53,424,000. Finally, GAMMA Investing LLC grew its holdings in shares of TopBuild by 167,622.2% in the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock valued at $46,032,000 after purchasing an additional 150,860 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. DA Davidson cut their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Stephens lowered their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, Loop Capital lowered their price target on TopBuild from $370.00 to $360.00 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 given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.22.

TopBuild Stock Performance

NYSE BLD traded up $4.72 during mid-day trading on Friday, reaching $325.65. 409,678 shares of the stock were exchanged, compared to its average volume of 325,889. The business's 50 day moving average is $297.26 and its 200-day moving average is $309.50. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The company has a market capitalization of $9.31 billion, a P/E ratio of 16.47, a P/E/G ratio of 3.22 and a beta of 1.62. 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 (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion for 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 company's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $4.81 earnings per share. On average, equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insider Buying and Selling at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider now directly owns 7,007 shares of the company's stock, valued at $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 SEC, which is accessible through this hyperlink. Insiders own 0.43% of the company's stock.

TopBuild Company 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.