TopBuild Corp. (NYSE:BLD) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in TopBuild Corp. (NYSE:BLD) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,469 shares of the construction company’s stock after selling 603 shares during the period. Amalgamated Bank’s holdings in TopBuild were worth $4,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Snowden Capital Advisors LLC raised its position in shares of TopBuild by 2.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company’s stock worth $429,000 after acquiring an additional 33 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company’s stock worth $400,000 after acquiring an additional 48 shares in the last quarter. Janus Henderson Group PLC grew its stake in TopBuild by 0.3% during the 4th quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company’s stock worth $5,678,000 after buying an additional 54 shares during the last quarter. ProShare Advisors LLC grew its stake in TopBuild by 5.0% during the 4th quarter. ProShare Advisors LLC now owns 1,373 shares of the construction company’s stock worth $427,000 after buying an additional 66 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in TopBuild by 22.6% during the 1st quarter. Fifth Third Bancorp now owns 358 shares of the construction company’s stock worth $109,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Transactions at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the transaction, the insider directly owned 7,007 shares of the company’s stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BLD. DA Davidson dropped their price target on TopBuild from $435.00 to $395.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Stephens dropped their price target on TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Loop Capital dropped their price target on TopBuild from $370.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research note on Tuesday, April 1st. They set a “buy” rating and a $356.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $380.22.

TopBuild Stock Up 0.7%

BLD opened at $347.63 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The business has a 50 day simple moving average of $301.22 and a 200-day simple moving average of $309.19. The stock has a market capitalization of $9.94 billion, a P/E ratio of 17.58, a P/E/G ratio of 3.47 and a beta of 1.64. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. TopBuild’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.81 earnings per share. On average, equities analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.