Robert M. Buck Sells 7,350 Shares of TopBuild Corp. (NYSE:BLD) Stock

Key Points

• CEO Robert M. Buck of TopBuild Corp. sold 7,350 shares of the company's stock for over $3 million, reducing his ownership by 9.12%.
• TopBuild recently reported an EPS of $5.31, exceeding analysts' estimates, but revenue fell 5% year-over-year to $1.30 billion.
• Several analysts have raised their price targets for TopBuild, with an average consensus target of $394.67 and a rating of "Moderate Buy".

TopBuild Corp. (NYSE:BLD - Get Free Report) CEO Robert M. Buck sold 7,350 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the transaction, the chief executive officer owned 73,225 shares of the company's stock, valued at $30,402,287.75. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TopBuild Stock Performance

NYSE:BLD traded up $5.93 during trading on Wednesday, reaching $435.59. The company's stock had a trading volume of 67,521 shares, compared to its average volume of 369,124. 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 market cap of $12.26 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 5.55 and a beta of 1.63. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $435.66. The firm has a 50 day moving average of $350.80 and a 200-day moving average of $319.76.

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 return on equity of 28.32% and a net margin of 11.40%. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the previous year, the firm earned $5.42 earnings per share. The business's revenue was down 5.0% compared to the same quarter last year. Research analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Ratings Changes

BLD has been the topic of several recent analyst reports. DA Davidson cut their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. UBS Group set a $370.00 price objective on shares of TopBuild and gave the company a "hold" rating in a research note on Tuesday, August 5th. Bank of America increased their price target on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Stephens dropped their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, Seaport Res Ptn upgraded TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Five 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. According to MarketBeat, TopBuild presently has a consensus rating of "Moderate Buy" and an average price target of $394.67.

Institutional Investors Weigh In On TopBuild

Several hedge funds have recently added to or reduced their stakes in the stock. SVB Wealth LLC bought a new position in shares of TopBuild in the first quarter worth about $35,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in TopBuild during the 2nd quarter worth $35,000. MAI Capital Management increased its holdings in shares of TopBuild by 28.3% in the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company's stock valued at $38,000 after acquiring an additional 26 shares during the period. Parallel Advisors LLC boosted its position in shares of TopBuild by 111.5% in 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 in the last quarter. Finally, Rossby Financial LCC acquired a new stake in TopBuild during the 1st quarter worth about $50,000. 95.67% of the stock is owned by institutional investors.

TopBuild Company 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.