Swiss National Bank Cuts Stake in TopBuild Corp. (NYSE:BLD)

Swiss National Bank cut its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,221 shares of the construction company's stock after selling 2,100 shares during the period. Swiss National Bank owned approximately 0.20% of TopBuild worth $17,450,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors increased its position in shares of TopBuild by 1.4% during the fourth 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. T. Rowe Price Investment Management Inc. grew its holdings in shares of TopBuild by 779.7% in the fourth 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 in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of TopBuild by 5.1% in the fourth 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 purchasing an additional 23,428 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of TopBuild by 32.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company's stock valued at $117,992,000 after purchasing an additional 94,389 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of TopBuild by 24.6% in the fourth quarter. Northern Trust Corp now owns 315,221 shares of the construction company's stock valued at $98,141,000 after purchasing an additional 62,216 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BLD shares. Evercore ISI lifted their price objective on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a report on Wednesday, August 6th. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Benchmark boosted their price target on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Stephens lowered their price target 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. Finally, Loop Capital boosted their price objective on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $394.67.

Insider Activity at TopBuild

In other TopBuild news, CFO Robert M. Kuhns sold 2,000 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the sale, the chief financial officer directly owned 15,633 shares of the company's stock, valued at $6,504,891.30. This trade represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeff M. Krestancic sold 373 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.00, for a total transaction of $154,795.00. Following the sale, the insider directly owned 4,934 shares in the company, valued at $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,313 shares of company stock valued at $5,118,903. Company insiders own 0.43% of the company's stock.

TopBuild Stock Performance

TopBuild stock traded down $4.21 during trading hours on Friday, reaching $432.68. 402,110 shares of the stock were exchanged, compared to its average volume of 419,001. The stock has a market cap of $12.18 billion, a P/E ratio of 21.30, a P/E/G ratio of 5.78 and a beta of 1.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $445.74. The firm's 50 day moving average is $359.33 and its 200 day moving average is $321.70.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, topping analysts' consensus estimates of $5.07 by $0.24. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the company posted $5.42 EPS. The business's revenue for the quarter was down 5.0% on a year-over-year basis. Analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild 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.