TopBuild Corp. (NYSE:BLD) Insider Sells $212,970.00 in Stock

TopBuild Corp. (NYSE:BLD – Get Rating) insider Robert Jeffrey Franklin sold 1,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $212.97, for a total value of $212,970.00. Following the transaction, the insider now directly owns 19,091 shares in the company, valued at approximately $4,065,810.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TopBuild Price Performance

BLD opened at $211.54 on Friday. TopBuild Corp. has a 52-week low of $140.66 and a 52-week high of $227.08. The company has a 50 day moving average of $203.77 and a two-hundred day moving average of $183.58. The company has a market cap of $6.72 billion, a P/E ratio of 11.77 and a beta of 1.50. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.68.

TopBuild (NYSE:BLD – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The construction company reported $4.36 earnings per share for the quarter, topping analysts’ consensus estimates of $4.06 by $0.30. TopBuild had a net margin of 11.31% and a return on equity of 30.52%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the company earned $3.50 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. On average, analysts expect that TopBuild Corp. will post 15.54 earnings per share for the current year.

Institutional Investors Weigh In On TopBuild

Several hedge funds have recently modified their holdings of BLD. Ronald Blue Trust Inc. grew its position in TopBuild by 122.1% in the fourth quarter. Ronald Blue Trust Inc. now owns 151 shares of the construction company’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. Ellevest Inc. purchased a new stake in TopBuild during the 3rd quarter worth $37,000. Covestor Ltd lifted its holdings in TopBuild by 118.0% in the 1st quarter. Covestor Ltd now owns 279 shares of the construction company’s stock worth $51,000 after buying an additional 151 shares in the last quarter. Fifth Third Bancorp boosted its position in TopBuild by 85.9% in the 1st quarter. Fifth Third Bancorp now owns 264 shares of the construction company’s stock valued at $55,000 after buying an additional 122 shares during the last quarter. Finally, CWM LLC grew its stake in shares of TopBuild by 68.2% during the fourth quarter. CWM LLC now owns 375 shares of the construction company’s stock valued at $59,000 after acquiring an additional 152 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BLD shares. Loop Capital increased their target price on TopBuild from $210.00 to $225.00 in a research report on Friday, May 5th. StockNews.com initiated coverage on shares of TopBuild in a report on Thursday, March 16th. They set a “buy” rating on the stock. KeyCorp boosted their target price on shares of TopBuild from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Finally, Stephens increased their price target on shares of TopBuild from $230.00 to $250.00 in a research note on Monday, May 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $226.14.

About TopBuild

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TopBuild Corp. engages in the installation and distribution of insulation products and other building products to the U.S. and Canadian construction industry. It operates through the following segments: Installation, Specialty Distribution, and Corporate. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services and business branches located in the U.S.