Retirement Guys Formula LLC Lowers Stock Position in TopBuild Corp. (NYSE:BLD)

Retirement Guys Formula LLC cut its stake in shares of TopBuild Corp. (NYSE:BLD) by 13.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 562 shares of the construction company’s stock after selling 85 shares during the period. Retirement Guys Formula LLC’s holdings in TopBuild were worth $248,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BLD. Norges Bank acquired a new position in shares of TopBuild during the 4th quarter valued at $154,983,000. Axiom Investors LLC DE acquired a new position in shares of TopBuild during the 4th quarter valued at $87,451,000. Capital International Investors lifted its holdings 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 valued at $605,200,000 after acquiring an additional 198,614 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings 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 valued at $140,993,000 after acquiring an additional 130,563 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of TopBuild by 268.8% during the 4th quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company’s stock valued at $27,703,000 after acquiring an additional 53,950 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Up 1.4 %

Shares of NYSE:BLD opened at $379.19 on Friday. The company has a 50 day moving average of $403.00 and a 200-day moving average of $397.10. The firm has a market cap of $12.07 billion, a P/E ratio of 19.11, a P/E/G ratio of 1.75 and a beta of 1.76. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $452.87. 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, topping analysts’ consensus estimates of $4.56 by $0.25. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $4.36 EPS. As a group, analysts anticipate that TopBuild Corp. will post 21.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America boosted their price objective on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Benchmark boosted 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. Evercore ISI boosted their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Stephens reissued an “equal weight” rating and issued a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. 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 currently has an average rating of “Moderate Buy” and an average price target of $436.00.

Insider Activity at TopBuild

In related news, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at $29,041,097.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at $29,041,097.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert M. Buck sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the completion of 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 valued at $3,407,994 over the last ninety days. Insiders own 0.39% of the company’s stock.

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.