TopBuild Corp. (NYSE:BLD) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. reduced its position in TopBuild Corp. (NYSE:BLD) by 0.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 6,969 shares of the construction company’s stock after selling 47 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in TopBuild were worth $3,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Cynosure Group LLC purchased a new stake in shares of TopBuild during the first quarter worth approximately $663,000. Vanguard Group Inc. raised its position in TopBuild by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock worth $1,317,795,000 after acquiring an additional 15,965 shares in the last quarter. Forge First Asset Management Inc. purchased a new position in TopBuild in the first quarter worth $16,158,000. Blair William & Co. IL raised its position in TopBuild by 19.1% in the first quarter. Blair William & Co. IL now owns 2,007 shares of the construction company’s stock worth $885,000 after acquiring an additional 322 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of TopBuild by 4.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,534 shares of the construction company’s stock valued at $35,935,000 after buying an additional 3,231 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Trading Down 0.6 %

Shares of NYSE BLD traded down $2.59 during midday trading on Tuesday, hitting $453.87. The stock had a trading volume of 241,719 shares, compared to its average volume of 282,135. The company has a market capitalization of $14.44 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.07 and a beta of 1.76. TopBuild Corp. has a 1-year low of $217.08 and a 1-year high of $470.93. 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 company has a fifty day moving average price of $406.95 and a 200 day moving average price of $401.91.

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, beating the consensus estimate of $4.56 by $0.25. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.36 EPS. On average, analysts predict that TopBuild Corp. will post 21.63 earnings per share for the current year.

Insider Activity at TopBuild

In related news, CFO Robert M. Kuhns sold 540 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $406.53, for a total transaction of $219,526.20. Following the sale, the chief financial officer now directly owns 15,928 shares in the company, valued at approximately $6,475,209.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other TopBuild news, CEO Robert M. Buck sold 5,000 shares of TopBuild stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 71,968 shares in the company, valued at approximately $29,054,920.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert M. Kuhns sold 540 shares of TopBuild stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $406.53, for a total value of $219,526.20. Following the sale, the chief financial officer now owns 15,928 shares in the company, valued at $6,475,209.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,340 shares of company stock worth $3,407,994. 0.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BLD. Jefferies Financial Group raised their price target on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Evercore ISI raised their price target on TopBuild from $529.00 to $555.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Benchmark increased their price objective on TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Stephens reaffirmed an “equal weight” rating and set a $425.00 price objective on shares of TopBuild in a research note on Tuesday, April 23rd. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $461.89.

About TopBuild

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.