UMB Bank n.a. Has $103,000 Stock Holdings in TopBuild Corp. (NYSE:BLD)

UMB Bank n.a. boosted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 144.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 337 shares of the construction company’s stock after acquiring an additional 199 shares during the period. UMB Bank n.a.’s holdings in TopBuild were worth $103,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Research Global Investors grew its holdings in shares of TopBuild by 1.4% in the 4th quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company’s stock valued at $943,050,000 after buying an additional 41,047 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of TopBuild by 4.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock valued at $271,331,000 after buying an additional 40,916 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of TopBuild by 779.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock valued at $188,098,000 after buying an additional 535,478 shares during the period. Invesco Ltd. grew its holdings in shares of TopBuild by 14.6% in the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company’s stock valued at $185,353,000 after buying an additional 75,713 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of TopBuild by 5.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company’s stock valued at $150,053,000 after buying an additional 23,428 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BLD shares. Stephens reduced their target price on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. Loop Capital reduced their target price on shares of TopBuild from $370.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Wall Street Zen lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Truist Financial reduced their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Finally, DA Davidson reduced their target price on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.22.

TopBuild Trading Up 1.6%

Shares of NYSE:BLD opened at $309.36 on Friday. The company’s 50-day moving average price is $291.69 and its two-hundred day moving average price is $315.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The stock has a market capitalization of $8.84 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.82 and a beta of 1.62.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $4.81 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the sale, the insider now directly owns 7,007 shares of the company’s stock, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is owned by insiders.

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, garage doors, fireplaces, roofing materials, closet shelving, and other products.