Allianz Asset Management GmbH Sells 3,324 Shares of TopBuild Corp. $BLD

Allianz Asset Management GmbH lowered its stake in shares of TopBuild Corp. (NYSE:BLD) by 19.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,357 shares of the construction company’s stock after selling 3,324 shares during the quarter. Allianz Asset Management GmbH’s holdings in TopBuild were worth $5,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. WCM Investment Management LLC purchased a new position in shares of TopBuild during the 3rd quarter worth approximately $17,734,000. Jones Financial Companies Lllp boosted its position in shares of TopBuild by 53.0% during the third quarter. Jones Financial Companies Lllp now owns 384 shares of the construction company’s stock valued at $151,000 after purchasing an additional 133 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in TopBuild in the third quarter worth $87,000. Fortem Financial Group LLC grew its stake in TopBuild by 6.6% in the third quarter. Fortem Financial Group LLC now owns 5,475 shares of the construction company’s stock worth $2,140,000 after purchasing an additional 338 shares during the period. Finally, Transcend Capital Advisors LLC bought a new position in TopBuild in the third quarter worth $244,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and issued a $485.00 target price on shares of TopBuild in a research report on Wednesday, December 10th. Benchmark boosted their price objective on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Vertical Research assumed coverage on shares of TopBuild in a report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price objective on the stock. Jefferies Financial Group lifted their target price on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a report on Monday, December 15th. Finally, Evercore dropped their price target on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and an average price target of $439.73.

TopBuild Stock Up 3.2%

NYSE:BLD opened at $539.20 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. The firm has a market cap of $15.14 billion, a P/E ratio of 27.37, a P/E/G ratio of 8.57 and a beta of 1.70. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $540.05. The firm has a 50-day simple moving average of $458.33 and a two-hundred day simple moving average of $433.76.

Insiders Place Their Bets

In related news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of the transaction, the vice president directly owned 9,349 shares in the company, valued at $4,210,789.60. The trade was a 9.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is currently owned by insiders.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.