TopBuild (BLD) VP Sells $169,586.05 in Stock

TopBuild (NYSE:BLD) VP Paul Joachimczyk sold 2,227 shares of TopBuild stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $76.15, for a total value of $169,586.05. Following the sale, the vice president now owns 7,699 shares of the company’s stock, valued at $586,278.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE BLD traded down $3.62 during trading hours on Monday, reaching $72.90. The stock had a trading volume of 351,440 shares, compared to its average volume of 273,601. The firm has a market cap of $2,719.54, a P/E ratio of 27.53 and a beta of 0.57. TopBuild has a 52-week low of $45.89 and a 52-week high of $82.26. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.23.

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TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 27th. The construction company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. TopBuild had a return on equity of 10.65% and a net margin of 8.30%. The firm had revenue of $501.40 million for the quarter, compared to analyst estimates of $491.80 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. TopBuild’s revenue for the quarter was up 12.9% on a year-over-year basis. research analysts expect that TopBuild will post 4.01 earnings per share for the current year.

Several analysts recently weighed in on BLD shares. Nomura set a $100.00 price objective on TopBuild and gave the company a “buy” rating in a report on Tuesday, March 13th. ValuEngine upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Jefferies Group started coverage on shares of TopBuild in a report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 target price for the company. Finally, SunTrust Banks boosted their target price on shares of TopBuild to $82.00 and gave the stock a “reduce” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $76.00.

A number of large investors have recently made changes to their positions in BLD. Nationwide Fund Advisors lifted its holdings in TopBuild by 30.8% in the third quarter. Nationwide Fund Advisors now owns 79,976 shares of the construction company’s stock valued at $5,212,000 after acquiring an additional 18,852 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of TopBuild during the 3rd quarter worth approximately $804,000. State Board of Administration of Florida Retirement System raised its stake in shares of TopBuild by 19.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 31,939 shares of the construction company’s stock worth $2,081,000 after buying an additional 5,144 shares during the period. Chicago Equity Partners LLC raised its stake in shares of TopBuild by 2.9% during the 3rd quarter. Chicago Equity Partners LLC now owns 50,400 shares of the construction company’s stock worth $3,285,000 after buying an additional 1,420 shares during the period. Finally, DE Burlo Group Inc. acquired a new position in shares of TopBuild during the 3rd quarter worth approximately $230,000. 94.66% of the stock is owned by institutional investors.

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TopBuild Company Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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