TopBuild Corp. (NYSE:BLD) Stock Position Reduced by US Bancorp DE

Key Points

• US Bancorp DE significantly reduced its stake in TopBuild Corp. by 81.8%, leaving it with only 1,450 shares, valued at $442,000.
• Several institutional investors have increased their positions in TopBuild, highlighting a trend of increased institutional ownership, which now stands at 95.67% of company shares.
• TopBuild's latest earnings report showed an EPS of $5.31, surpassing expectations, although revenue declined by 5.0% compared to the previous year.

US Bancorp DE trimmed its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 81.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,450 shares of the construction company's stock after selling 6,521 shares during the period. US Bancorp DE's holdings in TopBuild were worth $442,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. 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 worth $943,050,000 after purchasing an additional 41,047 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake 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 worth $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 position 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. increased 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 during the last quarter. Finally, Northern Trust Corp grew its holdings in TopBuild by 24.6% in the 4th quarter. Northern Trust Corp now owns 315,221 shares of the construction company's stock valued at $98,141,000 after buying an additional 62,216 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Price Performance

NYSE BLD traded down $4.21 during trading hours on Friday, reaching $432.68. The company's stock had a trading volume of 402,110 shares, compared to its average volume of 371,626. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The stock has a market cap of $12.18 billion, a PE ratio of 21.30, a PEG ratio of 5.93 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. The company's 50-day moving average is $356.62 and its two-hundred day moving average is $321.21.

TopBuild (NYSE:BLD - Get Free Report) last released 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 return on equity of 28.32% and a net margin of 11.40%. The company 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 firm posted $5.42 earnings per share. The business's revenue for the quarter was down 5.0% compared to the same quarter last year. Analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Upgrades and Downgrades

BLD has been the subject of several analyst reports. Stephens dropped their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Seaport Res Ptn upgraded TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. UBS Group set a $370.00 target price on TopBuild and gave the company a "hold" rating in a report on Tuesday, August 5th. Bank of America lifted their price target 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. Finally, DA Davidson lowered their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, TopBuild currently has an average rating of "Moderate Buy" and an average price target of $394.67.

Insider Activity

In other news, insider Jeff M. Krestancic sold 373 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Robert M. Kuhns sold 2,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 15,633 shares of the company's stock, valued at approximately $6,504,891.30. This trade represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,313 shares of company stock worth $5,118,903 in the last three months. 0.43% of the stock is owned by insiders.

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.