Inspire Investing LLC Has $359,000 Stock Holdings in TopBuild Corp. (NYSE:BLD)

Inspire Investing LLC decreased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 20.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 814 shares of the construction company’s stock after selling 212 shares during the period. Inspire Investing LLC’s holdings in TopBuild were worth $359,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in TopBuild during the fourth quarter worth $28,000. Principal Securities Inc. bought a new stake in shares of TopBuild in the 4th quarter worth $28,000. Allspring Global Investments Holdings LLC bought a new stake in shares of TopBuild in the 1st quarter worth $31,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of TopBuild in the 4th quarter worth $36,000. Finally, Rise Advisors LLC bought a new stake in shares of TopBuild in the 1st quarter worth $37,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Up 6.3 %

Shares of TopBuild stock opened at $465.48 on Wednesday. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $467.76. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.02 and a beta of 1.76. The company has a current ratio of 2.81, a quick ratio of 2.33 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $403.62 and its 200-day moving average price is $399.45.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.25. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. TopBuild’s quarterly 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. On average, equities analysts expect that TopBuild Corp. will post 21.63 earnings per share for the current fiscal year.

Insider Activity at TopBuild

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 value of $219,526.20. Following the sale, the chief financial officer now directly owns 15,928 shares of the company’s stock, valued at $6,475,209.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other TopBuild news, CFO Robert M. Kuhns sold 540 shares of TopBuild 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 transaction, the chief financial officer now directly owns 15,928 shares of the company’s stock, valued at $6,475,209.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy M. Taylor sold 300 shares of TopBuild stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $415.81, for a total transaction of $124,743.00. Following the transaction, the director now directly owns 5,920 shares in the company, valued at $2,461,595.20. The disclosure for this sale can be found here. Insiders have sold 8,340 shares of company stock valued at $3,407,994 over the last three months. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of TopBuild from $529.00 to $555.00 and gave the company an “outperform” rating in a research report on Monday. Stephens reiterated an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Benchmark increased their target price on shares of TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $439.11.

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.