TopBuild Corp. (NYSE:BLD) Shares Acquired by Cwm LLC

Cwm LLC lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 29.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 375 shares of the construction company’s stock after purchasing an additional 85 shares during the period. Cwm LLC’s holdings in TopBuild were worth $114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of TopBuild by 111.5% in the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares during the last quarter. Rossby Financial LCC bought a new stake in TopBuild during the first quarter valued at $50,000. MassMutual Private Wealth & Trust FSB increased its stake in TopBuild by 240.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company’s stock valued at $57,000 after purchasing an additional 132 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in TopBuild during the fourth quarter valued at $81,000. Finally, UMB Bank n.a. increased its stake in TopBuild by 144.2% during the first quarter. UMB Bank n.a. now owns 337 shares of the construction company’s stock valued at $103,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insiders Place Their Bets

In other TopBuild 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 completion of the sale, the insider directly owned 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

TopBuild Stock Performance

BLD stock opened at $376.39 on Thursday. The company has a market capitalization of $10.76 billion, a P/E ratio of 19.04, a PEG ratio of 4.91 and a beta of 1.64. The company has a 50-day simple moving average of $329.20 and a 200 day simple moving average of $316.35. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Stephens lowered 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 boosted their target price on shares of TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Bank of America boosted their target price on shares of TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, DA Davidson lowered 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 eight have assigned a buy rating to the stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.27.

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.