TopBuild Corp. (NYSE:BLD) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 23.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,942 shares of the construction company's stock after selling 10,181 shares during the quarter. Envestnet Asset Management Inc. owned about 0.11% of TopBuild worth $10,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Research Global Investors increased its stake 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 increased its stake in shares of TopBuild by 4.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock valued at $271,331,000 after acquiring an additional 40,916 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of 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 acquiring an additional 535,478 shares during the last quarter. Invesco Ltd. increased its stake in shares of TopBuild by 14.6% during the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after acquiring an additional 75,713 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of TopBuild by 5.1% during 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 acquiring an additional 23,428 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. DA Davidson decreased their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Stephens decreased their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Loop Capital boosted their target price on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price for the company. Finally, Bank of America boosted their target price on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and a consensus price target of $387.27.

TopBuild Stock Down 1.7%

NYSE BLD opened at $356.92 on Monday. The stock has a market cap of $10.20 billion, a PE ratio of 18.05, a P/E/G ratio of 3.92 and a beta of 1.64. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The business has a 50 day moving average price of $316.58 and a two-hundred day moving average price of $312.96. 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 (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, topping analysts' consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. TopBuild's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.81 EPS. As a group, sell-side analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

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.

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