Summit Trail Advisors LLC Makes New Investment in TopBuild Corp. (NYSE:BLD)

Summit Trail Advisors LLC acquired a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,388 shares of the construction company's stock, valued at approximately $728,000.

Other institutional investors have also recently bought and sold shares of the company. 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 worth $39,000 after buying an additional 68 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in TopBuild by 240.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock worth $57,000 after buying an additional 132 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of TopBuild in the fourth quarter valued at about $81,000. UMB Bank n.a. raised its holdings in shares of TopBuild by 144.2% in the first quarter. UMB Bank n.a. now owns 337 shares of the construction company's stock valued at $103,000 after purchasing an additional 199 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in shares of TopBuild in the fourth quarter valued at about $111,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BLD shares. DA Davidson lowered 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. Stephens lowered their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target for the company. Finally, Loop Capital reduced their price target 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, TopBuild presently has an average rating of "Moderate Buy" and an average price target of $380.22.

TopBuild Stock Performance

NYSE:BLD traded up $2.46 on Friday, reaching $347.63. 287,273 shares of the company's stock were exchanged, compared to its average volume of 327,792. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 3.49 and a beta of 1.64. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68. The stock has a fifty day simple moving average of $302.24 and a 200-day simple moving average of $309.19.

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

Insider Activity

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 value of $540,483.24. Following the sale, the insider directly owned 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.