Cetera Investment Advisers Decreases Holdings in TopBuild Corp. $BLD

Cetera Investment Advisers decreased its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,755 shares of the construction company's stock after selling 836 shares during the period. Cetera Investment Advisers' holdings in TopBuild were worth $840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its position in TopBuild by 111.5% during the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock worth $39,000 after purchasing an additional 68 shares during the last quarter. Rossby Financial LCC purchased a new stake in TopBuild during the 1st quarter worth approximately $50,000. MassMutual Private Wealth & Trust FSB grew its position in TopBuild by 240.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock worth $57,000 after purchasing an additional 132 shares during the last quarter. Signaturefd LLC grew its position in TopBuild by 170.1% during the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company's stock worth $80,000 after purchasing an additional 165 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in TopBuild during the 4th quarter worth approximately $81,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of BLD traded down $2.57 during trading hours on Monday, hitting $429.54. The stock had a trading volume of 108,947 shares, compared to its average volume of 369,901. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. The firm has a 50-day moving average price of $359.33 and a 200 day moving average price of $321.49. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 5.78 and a beta of 1.63.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on BLD. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Evercore ISI increased their price objective on shares of TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 6th. Bank of America increased their price objective on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Loop Capital increased their price objective on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $394.67.

Insider Activity

In related news, insider Jeff M. Krestancic sold 373 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the transaction, the insider directly owned 4,934 shares in the company, valued at $2,047,610. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert M. Kuhns sold 2,000 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $416.10, for a total transaction of $832,200.00. Following the transaction, the chief financial officer owned 15,633 shares of the company's stock, valued at $6,504,891.30. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,313 shares of company stock valued at $5,118,903. 0.43% of the stock is currently owned by company 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.