Rhumbline Advisers Sells 1,657 Shares of TopBuild Corp. (NYSE:BLD)

Rhumbline Advisers cut its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,567 shares of the construction company's stock after selling 1,657 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of TopBuild worth $23,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Investors Research Corp bought a new stake in TopBuild during the first quarter valued at about $206,000. Rothschild Investment LLC raised its holdings in TopBuild by 59,873.7% during the first quarter. Rothschild Investment LLC now owns 11,395 shares of the construction company's stock valued at $3,475,000 after acquiring an additional 11,376 shares during the period. Parallel Advisors LLC raised its holdings in TopBuild by 111.5% during the first 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 period. GAMMA Investing LLC raised its holdings in TopBuild by 167,622.2% during the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock valued at $46,032,000 after acquiring an additional 150,860 shares during the period. Finally, Versant Capital Management Inc raised its holdings in TopBuild by 761.7% during the first quarter. Versant Capital Management Inc now owns 810 shares of the construction company's stock valued at $247,000 after acquiring an additional 716 shares during the period. 95.67% of the stock is owned by institutional investors.

TopBuild Trading Down 1.3%

Shares of NYSE BLD traded down $4.06 during trading hours on Friday, hitting $297.13. 603,123 shares of the company traded hands, compared to its average volume of 321,239. The company's 50 day moving average price is $290.94 and its 200 day moving average price is $316.86. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.82 and a beta of 1.62. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

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 26.40% and a net margin of 11.66%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $4.81 EPS. TopBuild's quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Buying and Selling at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction that occurred 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 completion of the sale, the insider now owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.43% of the company's stock.

Wall Street Analyst Weigh In

BLD has been the topic of a number of recent analyst reports. DA Davidson decreased their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Stephens cut their price objective 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 cut their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Loop Capital cut their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TopBuild has an average rating of "Moderate Buy" and a consensus target price of $380.22.

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.