Picton Mahoney Asset Management Sells 110 Shares of TopBuild Corp. (NYSE:BLD)

Picton Mahoney Asset Management trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD) by 17.1% during the first quarter, HoldingsChannel reports. The fund owned 535 shares of the construction company’s stock after selling 110 shares during the quarter. Picton Mahoney Asset Management’s holdings in TopBuild were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BLD. Nordea Investment Management AB lifted its position in shares of TopBuild by 4,820.9% in the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock worth $12,825,000 after purchasing an additional 28,395 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in shares of TopBuild in the 4th quarter worth approximately $221,000. International Assets Investment Management LLC lifted its position in shares of TopBuild by 8,850.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,117 shares of the construction company’s stock worth $1,541,000 after purchasing an additional 4,071 shares during the period. Norges Bank acquired a new position in shares of TopBuild in the 4th quarter worth approximately $154,983,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of TopBuild by 53.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after purchasing an additional 130,563 shares during the period. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BLD shares. Stephens restated an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Benchmark boosted their price target 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. Evercore ISI boosted their target price on shares of TopBuild from $529.00 to $555.00 and gave the company an “outperform” rating in a research report on Monday. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group boosted their target price on shares of TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $461.89.

TopBuild Stock Down 0.2 %

BLD traded down $1.08 during trading on Friday, hitting $447.75. 161,208 shares of the company’s stock were exchanged, compared to its average volume of 283,273. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $405.34 and its two-hundred day moving average is $400.09. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $470.93. The stock has a market cap of $14.25 billion, a P/E ratio of 22.62, a PEG ratio of 2.05 and a beta of 1.76.

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

Insiders Place Their Bets

In other news, Director Nancy M. Taylor sold 300 shares of the company’s stock in a transaction 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 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 accessible through this hyperlink. In other news, Director Nancy M. Taylor sold 300 shares of the company’s stock in a transaction 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 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 accessible through this hyperlink. Also, CEO Robert M. Buck sold 5,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the completion of the sale, the chief executive officer now owns 71,968 shares of the company’s stock, valued at approximately $29,054,920.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,340 shares of company stock worth $3,407,994. Insiders own 0.46% of the company’s stock.

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.