TopBuild Corp. (NYSE:BLD) CFO Sells $832,200.00 in Stock

Key Points

• Robert M. Kuhns, CFO of TopBuild Corp, sold 2,000 shares of the company's stock on August 8th, representing an 11.34% decrease in his ownership, totaling a transaction of $832,200.
• TopBuild's stock price increased by 0.4% to $414.85 after trading 401,127 shares, surpassing its average volume.
• The company reported quarterly earnings of $5.31 per share, exceeding the consensus estimate by $0.24, despite a 5.0% revenue decline year-over-year.

TopBuild Corp. (NYSE:BLD - Get Free Report) CFO Robert M. Kuhns sold 2,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the completion of the sale, the chief financial officer directly owned 15,633 shares of the company's stock, valued at $6,504,891.30. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

TopBuild Price Performance

Shares of NYSE BLD traded up $5.93 during midday trading on Wednesday, reaching $435.59. 67,521 shares of the company traded hands, compared to its average volume of 369,124. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $435.66. The firm has a market cap of $12.26 billion, a PE ratio of 21.43, a PEG ratio of 5.55 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 stock's 50-day simple moving average is $350.80 and its 200-day simple moving average is $319.76.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share 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 analyst estimates of $1.30 billion. During the same period last year, the company posted $5.42 earnings per share. The firm's quarterly revenue was down 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Loop Capital upped their price objective on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. UBS Group set a $370.00 target price on shares of TopBuild and gave the company a "hold" rating in a research note on Tuesday, August 5th. Stephens decreased their target price 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. Finally, Bank of America lifted their target price on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Five research 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $394.67.

Hedge Funds Weigh In On TopBuild

Several institutional investors have recently modified their holdings of BLD. 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 valued at $188,098,000 after acquiring an additional 535,478 shares in the last quarter. Boston Partners lifted its stake in TopBuild by 102.2% in the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company's stock valued at $250,872,000 after acquiring an additional 391,299 shares in the last quarter. Norges Bank bought a new stake in TopBuild in the 2nd quarter valued at approximately $110,238,000. Allspring Global Investments Holdings LLC bought a new stake in TopBuild in the 2nd quarter valued at approximately $109,447,000. Finally, Westwood Holdings Group Inc. bought a new stake in TopBuild in the 4th quarter valued at approximately $80,844,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.