TopBuild Corp. (NYSE:BLD) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lifted its position in TopBuild Corp. (NYSE:BLDFree Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,616 shares of the construction company’s stock after acquiring an additional 131 shares during the quarter. Treasurer of the State of North Carolina’s holdings in TopBuild were worth $5,470,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BLD. Cornercap Investment Counsel Inc. acquired a new position in TopBuild in the fourth quarter worth $221,000. International Assets Investment Management LLC boosted its holdings in shares of TopBuild by 8,850.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,117 shares of the construction company’s stock valued at $1,541,000 after buying an additional 4,071 shares during the period. Norges Bank bought a new position in TopBuild in the fourth quarter worth about $154,983,000. Federated Hermes Inc. boosted its stake in TopBuild by 103.9% in the third quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company’s stock valued at $2,223,000 after acquiring an additional 4,503 shares during the period. Finally, Lmcg Investments LLC grew its holdings in shares of TopBuild by 69.1% during the fourth quarter. Lmcg Investments LLC now owns 5,796 shares of the construction company’s stock valued at $2,169,000 after purchasing an additional 2,368 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BLD. Stephens restated an “equal weight” rating and set a $425.00 price objective on shares of TopBuild in a research note on Tuesday, April 23rd. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. The Goldman Sachs Group increased their price objective on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Benchmark boosted their price target on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Evercore ISI lifted their price objective on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $420.90.

Read Our Latest Analysis on TopBuild

TopBuild Trading Up 1.1 %

Shares of NYSE:BLD opened at $417.95 on Monday. 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 stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.94 and a beta of 1.75. TopBuild Corp. has a 1-year low of $199.31 and a 1-year high of $452.87. The company has a 50 day moving average price of $413.28 and a 200 day moving average price of $383.77.

TopBuild (NYSE:BLDGet Free Report) last released its quarterly earnings data 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. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company posted $4.36 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. On average, research analysts anticipate that TopBuild Corp. will post 21.5 EPS for the current fiscal year.

Insider Buying and Selling

In other TopBuild news, CEO Robert M. Buck sold 5,000 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is available through this link. In related news, CFO Robert M. Kuhns sold 540 shares of the firm’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 value of $219,526.20. Following the completion of the transaction, the chief financial officer now owns 15,928 shares of the company’s stock, valued at approximately $6,475,209.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert M. Buck sold 5,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 71,968 shares in the company, valued at $29,054,920.96. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by company insiders.

TopBuild Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.