Shell Asset Management Co. Sells 92 Shares of TopBuild Corp. (NYSE:BLD)

Shell Asset Management Co. lowered its stake in shares of TopBuild Corp. (NYSE:BLD) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,606 shares of the construction company’s stock after selling 92 shares during the quarter. Shell Asset Management Co.’s holdings in TopBuild were worth $1,149,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Panagora Asset Management Inc. increased its holdings in shares of TopBuild by 2.4% during the 4th quarter. Panagora Asset Management Inc. now owns 1,102 shares of the construction company’s stock worth $412,000 after purchasing an additional 26 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in TopBuild by 1.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,655 shares of the construction company’s stock valued at $729,000 after acquiring an additional 27 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of TopBuild by 6.5% in the 4th quarter. Harbor Investment Advisory LLC now owns 458 shares of the construction company’s stock worth $171,000 after acquiring an additional 28 shares during the period. TFG Advisers LLC grew its holdings in shares of TopBuild by 1.2% during the 1st quarter. TFG Advisers LLC now owns 2,830 shares of the construction company’s stock worth $1,247,000 after purchasing an additional 34 shares in the last quarter. Finally, Greenleaf Trust increased its position in shares of TopBuild by 4.1% during the fourth quarter. Greenleaf Trust now owns 1,133 shares of the construction company’s stock valued at $424,000 after purchasing an additional 45 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

TopBuild stock traded up $16.22 on Friday, reaching $461.32. The company’s stock had a trading volume of 135,222 shares, compared to its average volume of 280,136. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $470.93. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81. The business’s fifty day moving average price is $408.55 and its 200 day moving average price is $403.16.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates 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 in the prior year, the business earned $4.36 earnings per share. Equities analysts expect that TopBuild Corp. will post 21.63 earnings per share for the current fiscal year.

Insider Buying and Selling at TopBuild

In other news, 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 transaction, the chief executive officer now owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Robert M. Buck sold 5,000 shares of the business’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 directly owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction that occurred on 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 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. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Benchmark lifted their price target on shares of TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th. Stephens restated an “equal weight” rating and set a $425.00 price target on shares of TopBuild in a research note on Tuesday, April 23rd. Evercore ISI upped their price objective on TopBuild from $529.00 to $555.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group raised their target price on TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Two research 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 stock currently has a consensus 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.