Robert M. Kuhns Sells 1,600 Shares of TopBuild Corp. (NYSE:BLD) Stock

Key Points

• TopBuild Corp. CFO Robert M. Kuhns sold 1,600 shares of the company at an average price of $418.37, totaling approximately $669,392, resulting in an 8.32% decrease in his ownership to 17,633 shares.
• The company reported $5.31 earnings per share for the last quarter, exceeding analysts' expectations of $5.07, but showing a 5% decrease in year-over-year revenue.
• Analyst ratings for TopBuild Corp. vary, with a consensus rating of "Moderate Buy" and an average price target of $394.67.

TopBuild Corp. (NYSE:BLD - Get Free Report) CFO Robert M. Kuhns sold 1,600 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $418.37, for a total transaction of $669,392.00. Following the sale, the chief financial officer owned 17,633 shares in the company, valued at $7,377,118.21. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

TopBuild Price Performance

NYSE BLD traded up $5.93 during trading on Wednesday, hitting $435.59. 67,521 shares of the company's stock were exchanged, compared to its average volume of 369,124. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The company has a market cap of $12.26 billion, a PE ratio of 21.43, a P/E/G 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 stock's 50 day moving average price is $350.80 and its two-hundred day moving average price is $319.76.

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

Analyst Ratings Changes

BLD has been the subject of several research reports. Evercore ISI raised their price target 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. Benchmark raised their price target on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. DA Davidson decreased their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Loop Capital raised their price target 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, Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $394.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SVB Wealth LLC acquired a new stake in TopBuild during the 1st quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in TopBuild during the 2nd quarter valued at approximately $35,000. MAI Capital Management increased its position in TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company's stock valued at $38,000 after purchasing an additional 26 shares during the period. Parallel Advisors LLC increased its position in TopBuild by 111.5% during the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after purchasing an additional 68 shares during the period. Finally, Rossby Financial LCC acquired a new stake in TopBuild during the 1st quarter valued at approximately $50,000. Institutional investors and hedge funds own 95.67% of the company's stock.

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.