Summit Trail Advisors LLC Invests $728,000 in TopBuild Corp. (NYSE:BLD)

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

Other institutional investors have also bought and sold shares of the company. Capital Research Global Investors boosted its position in shares of TopBuild by 1.4% during the 4th quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock valued at $943,050,000 after acquiring an additional 41,047 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock worth $271,331,000 after purchasing an additional 40,916 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in TopBuild by 779.7% in 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 during the last quarter. Invesco Ltd. grew its stake in shares of TopBuild by 14.6% in the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after buying an additional 75,713 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of TopBuild by 5.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company's stock valued at $150,053,000 after buying an additional 23,428 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Up 0.7%

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 327,493. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 3.47 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 company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $301.22 and a 200-day moving average of $309.19.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share 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 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 earned $4.81 EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. As a group, analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Activity

In related news, insider Steven P. Raia sold 1,738 shares of the business's 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 directly owned 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 document filed with the SEC, which is available through this hyperlink. Insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stephens decreased their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. DA Davidson decreased their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. 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. Finally, Loop Capital decreased their target price on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company 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.