TopBuild Corp. (NYSE:BLD) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP decreased its position in TopBuild Corp. (NYSE:BLD) by 57.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,786 shares of the construction company’s stock after selling 131,062 shares during the quarter. Artemis Investment Management LLP’s holdings in TopBuild were worth $43,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BLD. Ausbil Investment Management Ltd increased its stake in shares of TopBuild by 31.0% during the 1st quarter. Ausbil Investment Management Ltd now owns 7,184 shares of the construction company’s stock valued at $3,149,000 after acquiring an additional 1,700 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of TopBuild by 25.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,913 shares of the construction company’s stock valued at $843,000 after acquiring an additional 390 shares during the last quarter. Apella Capital LLC acquired a new position in shares of TopBuild during the 1st quarter valued at about $217,000. Rise Advisors LLC purchased a new stake in shares of TopBuild during the 1st quarter worth about $37,000. Finally, Los Angeles Capital Management LLC grew its holdings in shares of TopBuild by 2.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 48,314 shares of the construction company’s stock worth $21,293,000 after purchasing an additional 1,240 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling

In related news, CFO Robert M. Kuhns sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $406.53, for a total transaction of $219,526.20. Following the completion of the sale, the chief financial officer now directly owns 15,928 shares in the company, valued at $6,475,209.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Nancy M. Taylor sold 300 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $415.81, for a total value of $124,743.00. Following the completion of the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert M. Kuhns sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $406.53, for a total transaction of $219,526.20. Following the completion of the transaction, the chief financial officer now directly owns 15,928 shares of the company’s stock, valued at approximately $6,475,209.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,340 shares of company stock worth $3,407,994. Corporate insiders own 0.46% of the company’s stock.

TopBuild Price Performance

Shares of TopBuild stock traded up $3.84 on Friday, hitting $385.29. The company had a trading volume of 475,762 shares, compared to its average volume of 278,986. The business has a 50-day simple moving average of $403.88 and a 200-day simple moving average of $395.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.81 and a quick ratio of 2.33. The company has a market cap of $12.26 billion, a PE ratio of 19.23, a PEG ratio of 1.76 and a beta of 1.75. TopBuild Corp. has a 52 week low of $217.08 and a 52 week high of $452.87.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.25. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $4.36 earnings per share. Research analysts expect that TopBuild Corp. will post 21.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Stephens reiterated an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a report on Tuesday, April 23rd. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. DA Davidson assumed coverage on TopBuild in a report on Tuesday, March 5th. They set a “buy” rating and a $470.00 target price for the company. Finally, Benchmark boosted their target price on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $420.90.

TopBuild 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.