TopBuild Corp. (NYSE:BLD) Insider Sells $154,795.00 in Stock

Key Points

• TopBuild Corp. insider Jeff M. Krestancic sold 373 shares for a total of $154,795, reducing his position by 7.03% to 4,934 shares.
• The company reported a 5.31 EPS for the last quarter, exceeding estimates, despite a 5% decline in revenue compared to the previous year.
• Analysts have set a consensus target price of $394.67 for TopBuild, with ratings varying between "hold," "buy," and "strong buy."

TopBuild Corp. (NYSE:BLD - Get Free Report) insider Jeff M. Krestancic sold 373 shares of TopBuild stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the sale, the insider owned 4,934 shares of the company's stock, valued at approximately $2,047,610. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TopBuild Stock Up 1.0%

Shares of NYSE:BLD traded up $4.40 during mid-day trading on Wednesday, hitting $434.06. 81,293 shares of the company traded hands, compared to its average volume of 369,177. The stock has a market cap of $12.21 billion, a P/E ratio of 21.38, a P/E/G ratio of 5.55 and a beta of 1.63. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $435.66. The stock has a 50-day moving average price of $350.80 and a two-hundred day moving average price of $319.76.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, topping 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 business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the previous year, the firm earned $5.42 earnings per share. The business's revenue was down 5.0% on a year-over-year basis. On average, equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BLD. DA Davidson lowered their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Benchmark lifted their target price on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Stephens reduced their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. UBS Group set a $370.00 price objective on TopBuild and gave the company a "hold" rating in a research note on Tuesday, August 5th. Finally, Bank of America raised their price objective on 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $394.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. MAI Capital Management raised its stake in shares of TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company's stock valued at $38,000 after buying an additional 26 shares during the period. Secure Asset Management LLC raised its stake in shares of TopBuild by 1.3% in the second quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company's stock valued at $702,000 after buying an additional 27 shares during the period. UMB Bank n.a. raised its stake in shares of TopBuild by 8.0% in the second quarter. UMB Bank n.a. now owns 364 shares of the construction company's stock valued at $118,000 after buying an additional 27 shares during the period. Snowden Capital Advisors LLC raised its stake in shares of TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock valued at $429,000 after buying an additional 33 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of TopBuild by 2.0% in the second quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company's stock valued at $555,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

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.