Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in TopBuild Corp. (NYSE:BLD)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in TopBuild Corp. (NYSE:BLD) by 14.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,735 shares of the construction company’s stock after purchasing an additional 1,755 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TopBuild were worth $4,188,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. HB Wealth Management LLC acquired a new position in shares of TopBuild in the 1st quarter valued at $213,000. Assetmark Inc. lifted its holdings in shares of TopBuild by 8.2% during the 1st quarter. Assetmark Inc. now owns 16,445 shares of the construction company’s stock valued at $5,015,000 after acquiring an additional 1,246 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of TopBuild during the 1st quarter valued at $211,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of TopBuild during the 1st quarter valued at $4,024,000. Finally, Gallacher Capital Management LLC acquired a new position in shares of TopBuild during the 1st quarter valued at $460,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insiders Place Their Bets

In related news, insider Steven P. Raia sold 1,738 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the sale, the insider directly owned 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.43% of the company’s stock.

TopBuild Trading Down 1.6%

TopBuild stock opened at $369.62 on Friday. The firm has a 50 day simple moving average of $330.99 and a 200-day simple moving average of $316.73. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The stock has a market capitalization of $10.57 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 4.83 and a beta of 1.64. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $4.81 earnings per share. As a group, equities research analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on BLD. JPMorgan Chase & Co. lifted their target price on shares of TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Stephens reduced their target price 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. Loop Capital lifted their target price on shares of TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. DA Davidson reduced their target price 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. Finally, Bank of America lifted their target price on shares of TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $387.27.

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.