OneDigital Investment Advisors LLC Sells 58 Shares of TopBuild Corp. (NYSE:BLD)

OneDigital Investment Advisors LLC cut its holdings in TopBuild Corp. (NYSE:BLD) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 684 shares of the construction company’s stock after selling 58 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in TopBuild were worth $209,000 as of its most recent SEC filing.

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

Insider Activity at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of TopBuild 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 completion of the transaction, the insider owned 7,007 shares of the company’s stock, valued at $2,179,036.86. This trade represents a 19.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.43% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Loop Capital raised their price objective on shares of TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Bank of America raised their price objective on shares of TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on shares of TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, Stephens dropped their price objective on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $387.27.

TopBuild Stock Down 1.5%

TopBuild stock opened at $378.82 on Monday. The company has a market cap of $10.83 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 4.17 and a beta of 1.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a fifty day simple moving average of $309.35 and a 200 day simple moving average of $311.17. The company has a current ratio of 2.02, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $4.81 EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

TopBuild 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.