Park Avenue Securities LLC Has $451,000 Stock Holdings in TopBuild Corp. (NYSE:BLD)

Park Avenue Securities LLC reduced its stake in TopBuild Corp. (NYSE:BLD) by 17.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,023 shares of the construction company’s stock after selling 216 shares during the period. Park Avenue Securities LLC’s holdings in TopBuild were worth $451,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in TopBuild by 58.7% in the 3rd quarter. HighTower Advisors LLC now owns 1,860 shares of the construction company’s stock valued at $479,000 after acquiring an additional 688 shares during the period. Federated Hermes Inc. lifted its holdings in TopBuild by 103.9% during the 3rd quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company’s stock worth $2,223,000 after purchasing an additional 4,503 shares during the last quarter. Teza Capital Management LLC bought a new stake in TopBuild in the 3rd quarter valued at $722,000. Gotham Asset Management LLC grew its holdings in TopBuild by 89.0% in the 3rd quarter. Gotham Asset Management LLC now owns 16,628 shares of the construction company’s stock valued at $4,184,000 after buying an additional 7,828 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in TopBuild by 44.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 35,414 shares of the construction company’s stock worth $8,910,000 after buying an additional 10,865 shares during the period. 95.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on BLD. Benchmark upped their price target on shares of TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. DA Davidson assumed coverage on TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target for the company. Stephens restated an “equal weight” rating and set a $425.00 price objective on shares of TopBuild in a research note on Tuesday, April 23rd. Finally, Bank of America upped their target price on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $420.90.

TopBuild Price Performance

Shares of BLD stock opened at $385.27 on Friday. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $452.87. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $403.92 and a 200 day simple moving average of $396.86. The company has a market cap of $12.26 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.76 and a beta of 1.75.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 7th. The construction company reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $0.25. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.36 earnings per share. On average, sell-side analysts forecast that TopBuild Corp. will post 21.63 EPS for the current fiscal year.

Insider Buying and Selling at TopBuild

In other news, CFO Robert M. Kuhns sold 540 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $406.53, for a total transaction of $219,526.20. Following the completion of the transaction, the chief financial officer now directly owns 15,928 shares in the company, valued at $6,475,209.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Nancy M. Taylor sold 300 shares of TopBuild stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $415.81, for a total transaction of $124,743.00. Following the sale, the director now directly owns 5,920 shares in the company, valued at approximately $2,461,595.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert M. Kuhns sold 540 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $406.53, for a total transaction of $219,526.20. Following the sale, the chief financial officer now directly owns 15,928 shares in the company, valued at $6,475,209.84. The disclosure for this sale can be found here. Insiders have sold 8,340 shares of company stock worth $3,407,994 over the last quarter. Corporate insiders own 0.46% of the company’s stock.

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.