TopBuild Corp. (NYSE:BLD) Stock Holdings Increased by State of Michigan Retirement System

State of Michigan Retirement System boosted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,757 shares of the construction company’s stock after purchasing an additional 100 shares during the period. State of Michigan Retirement System’s holdings in TopBuild were worth $3,419,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in TopBuild during the fourth quarter valued at $28,000. Principal Securities Inc. purchased a new position in TopBuild during the fourth quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC acquired a new position in TopBuild in the 1st quarter valued at approximately $31,000. Benjamin F. Edwards & Company Inc. purchased a new stake in TopBuild in the 4th quarter worth approximately $36,000. Finally, Rise Advisors LLC acquired a new stake in shares of TopBuild during the 1st quarter valued at $37,000. 95.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TopBuild news, CEO Robert M. Buck sold 2,500 shares of the company’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 value of $1,045,125.00. Following the completion of the transaction, the chief executive officer now owns 69,468 shares of the company’s stock, valued at approximately $29,041,097.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Robert M. Buck sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the completion of the transaction, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at approximately $29,041,097.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nancy M. Taylor sold 300 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $415.81, for a total value of $124,743.00. Following the completion of the sale, the director now owns 5,920 shares in the company, valued at $2,461,595.20. The disclosure for this sale can be found here. Insiders have sold a total of 8,340 shares of company stock valued at $3,407,994 over the last three months. 0.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BLD shares. DA Davidson initiated coverage on TopBuild in a research report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 target price on the stock. Stephens restated an “equal weight” rating and issued a $425.00 target price on shares of TopBuild in a report on Tuesday, April 23rd. Bank of America increased their price target on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Finally, Benchmark upped their price objective on shares of TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $436.00.

TopBuild Trading Down 1.5 %

Shares of TopBuild stock opened at $374.00 on Wednesday. TopBuild Corp. has a 1 year low of $217.08 and a 1 year high of $452.87. The company’s fifty day simple moving average is $403.39 and its 200-day simple moving average is $397.35. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 1.78 and a beta of 1.76. The company has a current ratio of 2.81, a quick ratio of 2.33 and a debt-to-equity ratio of 0.50.

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

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.