Mutual of America Capital Management LLC Lowers Holdings in TopBuild Corp. (NYSE:BLD)

Mutual of America Capital Management LLC lowered its stake in shares of TopBuild Corp. (NYSE:BLD) by 4.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 18,831 shares of the construction company’s stock after selling 815 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of TopBuild worth $8,299,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild during the first quarter worth about $31,000. Contravisory Investment Management Inc. acquired a new stake in TopBuild during the 4th quarter worth approximately $28,000. Principal Securities Inc. purchased a new position in TopBuild in the 4th quarter valued at approximately $28,000. Rise Advisors LLC acquired a new position in shares of TopBuild in the first quarter worth $37,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of TopBuild in the fourth quarter worth $36,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

BLD has been the subject of a number of recent research reports. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Monday. Stephens reiterated an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research note on Tuesday, April 23rd. Benchmark raised their price target on TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Evercore ISI lifted their price target on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, Bank of America increased their price objective on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and an average target price of $436.00.

Insider Transactions at TopBuild

In other TopBuild news, CEO Robert M. Buck sold 2,500 shares of TopBuild stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the completion of the transaction, the chief executive officer now owns 69,468 shares in the company, valued at $29,041,097.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Nancy M. Taylor sold 300 shares of TopBuild stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $415.81, for a total transaction of $124,743.00. Following the completion of the sale, the director now owns 5,920 shares in the company, valued at approximately $2,461,595.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert M. Buck sold 2,500 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the completion of the transaction, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at approximately $29,041,097.40. The disclosure for this sale can be found here. Insiders sold 8,340 shares of company stock valued at $3,407,994 in the last 90 days. 0.39% of the stock is currently owned by insiders.

TopBuild Stock Performance

Shares of BLD stock traded up $8.67 during trading hours on Monday, reaching $385.53. 402,241 shares of the company’s stock were exchanged, compared to its average volume of 279,934. 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’s 50 day moving average is $401.82 and its two-hundred day moving average is $397.57. The company has a market cap of $12.27 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.74 and a beta of 1.76. TopBuild Corp. has a 1 year low of $217.08 and a 1 year high of $452.87.

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

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.