DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Increases Stock Position in TopBuild Corp. (NYSE:BLD)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of TopBuild Corp. (NYSE:BLDFree Report) by 53.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 376,725 shares of the construction company’s stock after purchasing an additional 130,563 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in TopBuild were worth $140,993,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in TopBuild in the fourth quarter valued at $28,000. Principal Securities Inc. acquired a new stake in TopBuild in the fourth quarter valued at $28,000. Benjamin F. Edwards & Company Inc. acquired a new stake in TopBuild in the fourth quarter valued at $36,000. Northwest Financial Advisors acquired a new stake in TopBuild in the fourth quarter valued at $41,000. Finally, Planned Solutions Inc. purchased a new position in shares of TopBuild in the fourth quarter valued at $112,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BLD. Bank of America raised their price target on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Stephens restated an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. The Goldman Sachs Group raised their price target on TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Evercore ISI raised their price target on TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $420.90.

Read Our Latest Research Report on TopBuild

Insider Buying and Selling at TopBuild

In other TopBuild news, CFO Robert M. Kuhns sold 540 shares of TopBuild stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $406.53, for a total value of $219,526.20. Following the completion of the sale, the chief financial officer now owns 15,928 shares in the company, valued at approximately $6,475,209.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TopBuild news, CFO Robert M. Kuhns sold 540 shares of TopBuild stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $406.53, for a total value of $219,526.20. Following the completion of the sale, the chief financial officer now owns 15,928 shares in the company, valued at approximately $6,475,209.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert M. Buck sold 5,000 shares of TopBuild stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the transaction, the chief executive officer now directly owns 71,968 shares in the company, valued at $29,054,920.96. The disclosure for this sale can be found here. Insiders sold 8,340 shares of company stock worth $3,407,994 in the last 90 days. 0.46% of the stock is owned by company insiders.

TopBuild Price Performance

TopBuild stock traded down $10.76 during midday trading on Friday, reaching $411.95. 129,019 shares of the company were exchanged, compared to its average volume of 269,784. 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 company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 1.94 and a beta of 1.75. The firm’s 50-day simple moving average is $408.02 and its 200-day simple moving average is $389.62. TopBuild Corp. has a 1 year low of $217.08 and a 1 year high of $452.87.

TopBuild (NYSE:BLDGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The construction company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.56 by $0.25. The company 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 firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.36 EPS. On average, analysts anticipate that TopBuild Corp. will post 21.63 EPS for the current year.

About TopBuild

(Free Report)

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.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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