TopBuild Corp. (NYSE:BLD) Holdings Raised by Citigroup Inc.

Citigroup Inc. increased its position in shares of TopBuild Corp. (NYSE:BLD) by 17.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,530 shares of the construction company’s stock after purchasing an additional 4,332 shares during the quarter. Citigroup Inc. owned 0.09% of TopBuild worth $6,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Covestor Ltd boosted its holdings in shares of TopBuild by 118.0% in the 1st quarter. Covestor Ltd now owns 279 shares of the construction company’s stock valued at $51,000 after buying an additional 151 shares during the period. Fifth Third Bancorp boosted its stake in TopBuild by 85.9% in the first quarter. Fifth Third Bancorp now owns 264 shares of the construction company’s stock valued at $55,000 after acquiring an additional 122 shares during the period. Ronald Blue Trust Inc. boosted its stake in TopBuild by 152.3% in the first quarter. Ronald Blue Trust Inc. now owns 381 shares of the construction company’s stock valued at $60,000 after acquiring an additional 230 shares during the period. IFP Advisors Inc grew its holdings in shares of TopBuild by 32.1% during the first quarter. IFP Advisors Inc now owns 922 shares of the construction company’s stock valued at $77,000 after purchasing an additional 224 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of TopBuild by 10.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 615 shares of the construction company’s stock worth $96,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 95.58% of the company’s stock.

Insiders Place Their Bets

In other news, insider Steven P. Raia sold 2,700 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $214.31, for a total transaction of $578,637.00. Following the sale, the insider now owns 11,970 shares in the company, valued at $2,565,290.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Steven P. Raia sold 2,700 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $214.31, for a total value of $578,637.00. Following the completion of the sale, the insider now owns 11,970 shares of the company’s stock, valued at $2,565,290.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert M. Buck sold 4,473 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $240.04, for a total value of $1,073,698.92. Following the transaction, the chief executive officer now directly owns 78,330 shares in the company, valued at $18,802,333.20. The disclosure for this sale can be found here. Insiders sold a total of 14,749 shares of company stock worth $3,916,217 over the last ninety days. 0.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BLD. JPMorgan Chase & Co. increased their target price on TopBuild from $224.00 to $314.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Loop Capital lifted their price objective on shares of TopBuild from $225.00 to $285.00 in a research report on Friday, June 30th. Bank of America boosted their target price on shares of TopBuild from $255.00 to $305.00 in a research note on Friday, July 14th. Jefferies Financial Group raised their price target on shares of TopBuild from $262.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Finally, Stephens boosted their price objective on TopBuild from $230.00 to $250.00 in a research report on Monday, May 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $281.00.

TopBuild Price Performance

Shares of NYSE:BLD opened at $296.55 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.86 and a current ratio of 2.37. The company has a market capitalization of $9.42 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 2.44 and a beta of 1.58. The stock has a fifty day moving average of $277.03 and a 200-day moving average of $232.86. TopBuild Corp. has a one year low of $140.66 and a one year high of $307.54.

TopBuild (NYSE:BLD) last announced its earnings results on Thursday, August 3rd. The construction company reported $5.25 EPS for the quarter, beating the consensus estimate of $4.30 by $0.95. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.26 billion. TopBuild had a return on equity of 29.75% and a net margin of 11.61%. TopBuild’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.43 earnings per share. As a group, equities analysts anticipate that TopBuild Corp. will post 18.16 EPS for the current fiscal year.

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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.