TopBuild Corp. (NYSE:BLD) Stock Position Lowered by Cetera Investment Advisers

Cetera Investment Advisers lessened its position in TopBuild Corp. (NYSE:BLD) by 23.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,755 shares of the construction company’s stock after selling 836 shares during the quarter. Cetera Investment Advisers’ holdings in TopBuild were worth $840,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BLD. Capital Research Global Investors boosted its stake in shares of TopBuild by 1.4% during 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. T. Rowe Price Investment Management Inc. boosted its stake in shares of TopBuild by 779.7% during 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of TopBuild by 5.1% during 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. Vaughan Nelson Investment Management L.P. boosted its stake in shares of TopBuild by 32.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company’s stock valued at $117,992,000 after buying an additional 94,389 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of TopBuild by 24.6% during the 4th quarter. Northern Trust Corp now owns 315,221 shares of the construction company’s stock valued at $98,141,000 after buying an additional 62,216 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group set a $370.00 target price on shares of TopBuild and gave the company a “hold” rating in a research note on Tuesday, August 5th. Benchmark lifted their target price on shares of TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. DA Davidson decreased 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. 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 research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective 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. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $394.67.

Insider Activity

In related news, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total value of $3,051,646.50. Following the transaction, the chief executive officer owned 73,225 shares in the company, valued at $30,402,287.75. This trade represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert M. Kuhns sold 2,000 shares of TopBuild stock in a transaction on Friday, August 8th. The stock was sold at an average price of $416.10, for a total transaction of $832,200.00. Following the completion of the transaction, the chief financial officer owned 15,633 shares in the company, valued at $6,504,891.30. This trade represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,313 shares of company stock worth $5,118,903. Insiders own 0.43% of the company’s stock.

TopBuild Price Performance

NYSE BLD opened at $443.66 on Thursday. The firm has a market cap of $12.48 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 5.75 and a beta of 1.63. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. The stock’s 50-day moving average is $353.89 and its two-hundred day moving average is $320.62.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.07 by $0.24. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.42 EPS. On average, analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

About TopBuild

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.