TopBuild Corp. (NYSE:BLD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 16.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,973 shares of the construction company's stock after selling 18,639 shares during the period. Principal Financial Group Inc. owned 0.34% of TopBuild worth $29,877,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. increased its stake 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 purchasing an additional 535,478 shares in the last quarter. Norges Bank bought a new position in shares of TopBuild during the fourth quarter valued at $108,688,000. Westwood Holdings Group Inc. purchased a new stake in shares of TopBuild during the fourth quarter valued at $80,844,000. Interval Partners LP purchased a new position in TopBuild in the 4th quarter worth about $53,424,000. Finally, GAMMA Investing LLC raised its position in TopBuild by 167,622.2% in the 1st quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after buying an additional 150,860 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Trading Down 1.5%

BLD traded down $5.95 on Friday, reaching $378.82. 491,462 shares of the company traded hands, compared to its average volume of 332,742. The firm has a fifty day simple moving average of $309.35 and a two-hundred day simple moving average of $311.19. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The company has a market cap of $10.83 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 4.17 and a beta of 1.64.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the business earned $4.81 EPS. The firm's quarterly revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Buying and Selling at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly owned 7,007 shares in the company, valued at $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.43% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on BLD. DA Davidson cut their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Bank of America raised their price objective on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday. Loop Capital raised their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday. Stephens decreased their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

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.