TopBuild Corp. (NYSE:BLD) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in TopBuild Corp. (NYSE:BLDFree Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 270,094 shares of the construction company’s stock after selling 4,319 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.85% of TopBuild worth $101,085,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its stake in shares of TopBuild by 91.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,028 shares of the construction company’s stock worth $510,000 after buying an additional 971 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of TopBuild during the 3rd quarter worth approximately $223,000. Raymond James & Associates lifted its stake in TopBuild by 37.6% in the 3rd quarter. Raymond James & Associates now owns 18,225 shares of the construction company’s stock valued at $4,585,000 after buying an additional 4,983 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in TopBuild by 25.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,093 shares of the construction company’s stock valued at $275,000 after buying an additional 223 shares during the last quarter. Finally, Strs Ohio increased its position in TopBuild by 9.5% during the third quarter. Strs Ohio now owns 5,650 shares of the construction company’s stock worth $1,421,000 after buying an additional 491 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Transactions at TopBuild

In other TopBuild news, CFO Robert M. Kuhns sold 540 shares of the 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 transaction, the chief financial officer now directly owns 15,928 shares in the company, valued at approximately $6,475,209.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Robert M. Buck sold 5,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert M. Kuhns sold 540 shares of TopBuild stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 15,928 shares of the company’s stock, valued at approximately $6,475,209.84. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BLD. Bank of America lifted their price objective on TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Stephens reissued an “equal weight” rating and set a $425.00 price objective on shares of TopBuild in a research note on Tuesday, April 23rd. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Evercore ISI raised their price objective on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, DA Davidson assumed coverage on TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 target price for the company. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $420.90.

Get Our Latest Report on BLD

TopBuild Price Performance

Shares of BLD stock opened at $414.43 on Monday. TopBuild Corp. has a twelve month low of $199.31 and a twelve month high of $452.87. The company has a market capitalization of $13.19 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.67. The company has a current ratio of 2.81, a quick ratio of 2.33 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $414.38 and a 200-day simple moving average of $367.51.

TopBuild (NYSE:BLDGet Free Report) last announced its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm earned $4.36 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Equities research analysts anticipate that TopBuild Corp. will post 21.22 earnings per share for the current fiscal year.

TopBuild Company Profile

(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.

See Also

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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