TopBuild Corp. (NYSE:BLD) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD) by 30.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 528 shares of the construction company’s stock after selling 232 shares during the quarter. Fulton Bank N.A.’s holdings in TopBuild were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of TopBuild by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,974,062 shares of the construction company’s stock worth $1,113,072,000 after purchasing an additional 23,906 shares during the last quarter. Capital International Investors increased its position in shares of TopBuild by 14.0% during the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock worth $605,200,000 after purchasing an additional 198,614 shares during the last quarter. FMR LLC increased its position in shares of TopBuild by 13.8% during the 3rd quarter. FMR LLC now owns 1,100,719 shares of the construction company’s stock worth $276,941,000 after purchasing an additional 133,835 shares during the last quarter. Norges Bank acquired a new stake in shares of TopBuild during the 4th quarter worth about $154,983,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after purchasing an additional 130,563 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BLD. DA Davidson began coverage on TopBuild in a report on Tuesday, March 5th. They set a “buy” rating and a $470.00 target price for the company. Bank of America raised their target price on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Benchmark raised their target price on TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Stephens restated an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a report on Tuesday, April 23rd. Finally, Evercore ISI raised their target price on TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $420.90.

Insider Buying and Selling

In related news, CEO Robert M. Buck sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the completion of the sale, the chief executive officer now owns 69,468 shares in the company, valued at $29,041,097.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Robert M. Buck sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the completion of the sale, the chief executive officer now owns 69,468 shares in the company, valued at $29,041,097.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert M. Buck sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $403.72, for a total value of $2,018,600.00. Following the sale, the chief executive officer now owns 71,968 shares of the company’s stock, valued at approximately $29,054,920.96. The disclosure for this sale can be found here. Insiders sold a total of 8,340 shares of company stock worth $3,407,994 over the last 90 days. 0.46% of the stock is owned by insiders.

TopBuild Stock Performance

Shares of BLD opened at $388.73 on Friday. The stock has a 50-day simple moving average of $405.00 and a 200-day simple moving average of $394.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81. The stock has a market capitalization of $12.37 billion, a PE ratio of 19.59, a PEG ratio of 1.90 and a beta of 1.75. TopBuild Corp. has a 1 year low of $217.08 and a 1 year high of $452.87.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.25. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.36 EPS. On average, analysts predict that TopBuild Corp. will post 21.63 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.