TopBuild Corp. (NYSE:BLD) Position Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 24.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,955 shares of the construction company's stock after selling 3,590 shares during the quarter. Nisa Investment Advisors LLC's holdings in TopBuild were worth $3,341,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its stake in TopBuild by 3.8% in the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after buying an additional 48 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in TopBuild by 3.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock valued at $6,192,000 after buying an additional 637 shares during the last quarter. Algert Global LLC lifted its stake in TopBuild by 69.7% in the fourth quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock valued at $2,189,000 after buying an additional 2,887 shares during the last quarter. Two Sigma Investments LP lifted its stake in TopBuild by 192.7% in the fourth quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock valued at $5,407,000 after buying an additional 11,434 shares during the last quarter. Finally, Ausbil Investment Management Ltd bought a new stake in TopBuild in the first quarter valued at $269,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

Shares of NYSE BLD traded down $5.95 during midday trading on Friday, reaching $378.82. 491,462 shares of the company traded hands, compared to its average volume of 332,742. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68. The stock has a 50-day moving average price of $309.35 and a 200 day moving average price of $311.19. 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 company has a market cap of $10.83 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 4.17 and a beta of 1.64.

TopBuild (NYSE:BLD - Get Free Report) last issued 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. 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 analysts' expectations of $1.23 billion. During the same period in the previous year, the business earned $4.81 earnings per share. TopBuild's revenue for the quarter was down 3.6% compared to the same quarter last year. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the business's 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 in the company, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.43% of the company's stock.

Analyst Ratings Changes

BLD has been the topic of a number of recent research reports. DA Davidson cut their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research note on Wednesday. Stephens cut their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Loop Capital raised their target price on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Bank of America raised their target price on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

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.