TopBuild Corp. (NYSE:BLD) VP Luis Francisco Machado Sells 990 Shares

Key Points

• TopBuild Corp.'s VP, Luis Francisco Machado, sold 990 shares of stock at an average price of $415.02, reducing his total holdings by 8.73%.
• The company reported $5.31 earnings per share for the last quarter, surpassing analyst expectations of $5.07, despite a 5.0% year-over-year revenue decline.
• Currently, 95.67% of TopBuild's stock is owned by hedge funds and institutional investors, highlighting strong institutional interest in the company.

TopBuild Corp. (NYSE:BLD - Get Free Report) VP Luis Francisco Machado sold 990 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of the transaction, the vice president owned 10,349 shares in the company, valued at $4,295,041.98. This represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TopBuild Price Performance

Shares of BLD stock traded up $5.93 during trading hours 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 firm's 50 day simple moving average is $350.80 and its 200-day simple moving average is $319.76. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 5.55 and a beta of 1.63. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $435.66. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating 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 prior year, the company earned $5.42 EPS. TopBuild's revenue was down 5.0% compared to the same quarter last year. Sell-side analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BLD shares. UBS Group set a $370.00 target price on TopBuild and gave the company a "hold" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. boosted their price target on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Bank of America boosted their price target on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Benchmark boosted their price target on TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Seaport Res Ptn upgraded TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TopBuild has an average rating of "Moderate Buy" and a consensus target price of $394.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. MAI Capital Management raised its position in TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company's stock worth $38,000 after purchasing an additional 26 shares during the last quarter. Secure Asset Management LLC raised its position in TopBuild by 1.3% during the 2nd quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company's stock worth $702,000 after purchasing an additional 27 shares during the last quarter. UMB Bank n.a. raised its position in TopBuild by 8.0% during the 2nd quarter. UMB Bank n.a. now owns 364 shares of the construction company's stock worth $118,000 after purchasing an additional 27 shares during the last quarter. Snowden Capital Advisors LLC raised its position in TopBuild by 2.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock worth $429,000 after purchasing an additional 33 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in TopBuild by 2.0% during the 2nd quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company's stock worth $555,000 after purchasing an additional 34 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

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.