Edgestream Partners L.P. Sells 1,654 Shares of TopBuild Corp. (NYSE:BLD)

Edgestream Partners L.P. lessened its stake in TopBuild Corp. (NYSE:BLD) by 44.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,036 shares of the construction company’s stock after selling 1,654 shares during the quarter. Edgestream Partners L.P.’s holdings in TopBuild were worth $897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLD. Norges Bank purchased a new position in shares of TopBuild in the fourth quarter valued at $154,983,000. Axiom Investors LLC DE purchased a new position in TopBuild in the fourth quarter worth about $87,451,000. Capital International Investors increased its stake in TopBuild by 14.0% during the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock worth $605,200,000 after acquiring an additional 198,614 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in TopBuild by 53.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock valued at $140,993,000 after purchasing an additional 130,563 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of TopBuild by 268.8% in the 4th quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company’s stock valued at $27,703,000 after purchasing an additional 53,950 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at TopBuild

In related news, CFO Robert M. Kuhns sold 540 shares of the company’s stock in a transaction 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 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 Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Robert M. Kuhns sold 540 shares of the business’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 transaction, the chief financial officer now owns 15,928 shares in the company, valued at approximately $6,475,209.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert M. Buck sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were 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 $29,054,920.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,340 shares of company stock valued at $3,407,994. 0.46% of the stock is currently owned by corporate insiders.

TopBuild Stock Down 0.8 %

Shares of BLD stock traded down $3.52 on Wednesday, hitting $450.35. The stock had a trading volume of 43,595 shares, compared to its average volume of 280,463. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. TopBuild Corp. has a one year low of $217.08 and a one year high of $470.93. The business has a 50 day moving average price of $407.62 and a 200 day moving average price of $402.63. The company has a market cap of $14.33 billion, a PE ratio of 22.87, a P/E/G ratio of 2.11 and a beta of 1.76.

TopBuild (NYSE:BLD) last announced its quarterly earnings results 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. The firm 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 company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.36 EPS. Research analysts anticipate that TopBuild Corp. will post 21.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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