TopBuild Corp. (NYSE:BLD) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,567 shares of the construction company's stock after selling 1,657 shares during the quarter. Rhumbline Advisers owned about 0.27% of TopBuild worth $23,654,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. V Square Quantitative Management LLC increased its position in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after acquiring an additional 42 shares during the period. Parallel Advisors LLC grew its stake in shares of TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of TopBuild by 240.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after purchasing an additional 132 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of TopBuild during the fourth quarter worth approximately $81,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of TopBuild during the fourth quarter worth approximately $111,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

BLD traded up $3.22 on Monday, hitting $300.36. 261,168 shares of the company were exchanged, compared to its average volume of 321,235. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market capitalization of $8.59 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 1.82 and a beta of 1.62. The business's fifty day moving average is $290.94 and its 200 day moving average is $316.31.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.81 EPS. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BLD. Stephens dropped 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 note on Thursday, May 8th. Benchmark dropped their price target on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. DA Davidson cut their price target 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. Wall Street Zen downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Truist Financial lowered their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, TopBuild presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.22.

Insider Buying and Selling at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction 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 completion of the transaction, the insider now owns 7,007 shares of the company's stock, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.43% of the stock is owned by corporate insiders.

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.