UBS Group AG Has $6.24 Million Holdings in TopBuild Corp. (NYSE:BLD)

UBS Group AG grew its holdings in TopBuild Corp. (NYSE:BLDFree Report) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,659 shares of the construction company’s stock after purchasing an additional 47 shares during the period. UBS Group AG owned about 0.05% of TopBuild worth $6,235,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BLD. Contravisory Investment Management Inc. acquired a new position in TopBuild during the fourth quarter worth $28,000. Principal Securities Inc. acquired a new position in TopBuild during the fourth quarter worth $28,000. Benjamin F. Edwards & Company Inc. acquired a new position in TopBuild during the fourth quarter worth $36,000. Northwest Financial Advisors acquired a new position in TopBuild during the fourth quarter worth $41,000. Finally, Headlands Technologies LLC acquired a new position in shares of TopBuild in the third quarter valued at $44,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Trading Down 0.8 %

BLD opened at $410.19 on Friday. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $452.87. The company has a 50-day simple moving average of $411.58 and a 200 day simple moving average of $385.51. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.85 and a beta of 1.75.

TopBuild (NYSE:BLDGet Free Report) last posted 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 net margin of 12.11% and a return on equity of 25.87%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business posted $4.36 earnings per share. TopBuild’s revenue was up 1.1% compared to the same quarter last year. Analysts predict that TopBuild Corp. will post 21.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on BLD. Stephens reiterated an “equal weight” rating and issued a $425.00 price objective on shares of TopBuild in a report on Tuesday, April 23rd. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Bank of America upped their price objective on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Evercore ISI upped their price objective on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, DA Davidson began coverage on shares of TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $420.90.

View Our Latest Stock Report on BLD

Insider Buying and Selling

In related 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 owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TopBuild news, CFO Robert M. Kuhns sold 540 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 15,928 shares of the company’s stock, valued at $6,475,209.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert M. Buck sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $403.72, for a total value of $2,018,600.00. Following the transaction, the chief executive officer now directly owns 71,968 shares of the company’s stock, valued at approximately $29,054,920.96. The disclosure for this sale can be found here. Insiders sold 5,840 shares of company stock valued at $2,362,869 over the last quarter. 0.46% of the stock is 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.

See Also

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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