TopBuild Corp. (NYSE:BLD) Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,254 shares of the construction company’s stock after buying an additional 4,141 shares during the period. Citigroup Inc. owned approximately 0.14% of TopBuild worth $12,275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. increased its holdings 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 buying an additional 48 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in TopBuild by 3.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company’s stock valued at $6,192,000 after purchasing an additional 637 shares in the last quarter. Algert Global LLC increased its holdings in TopBuild by 69.7% in the 4th quarter. Algert Global LLC now owns 7,031 shares of the construction company’s stock valued at $2,189,000 after purchasing an additional 2,887 shares in the last quarter. Two Sigma Investments LP increased its holdings in TopBuild by 192.7% in the 4th quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company’s stock valued at $5,407,000 after purchasing an additional 11,434 shares in the last quarter. Finally, Ausbil Investment Management Ltd acquired a new stake in TopBuild in the 1st quarter valued at $269,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

NYSE BLD opened at $438.13 on Friday. The firm has a market cap of $12.33 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 5.93 and a beta of 1.63. The company has a 50 day moving average of $356.62 and a 200-day moving average of $321.21. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $445.74.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $0.24. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the firm earned $5.42 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on BLD shares. UBS Group set a $370.00 price target on TopBuild and gave the company a “hold” rating in a report on Tuesday, August 5th. DA Davidson reduced their price target on TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Stephens reduced their price target on TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. Bank of America increased their price target on TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, Evercore ISI increased their price target on TopBuild from $347.00 to $418.00 and gave the company an “in-line” rating in a report on Wednesday, August 6th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $394.67.

Insider Activity

In other TopBuild news, VP Luis Francisco Machado sold 990 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.02, for a total transaction of $410,869.80. Following the sale, the vice president directly owned 10,349 shares of the company’s stock, valued at $4,295,041.98. The trade was a 8.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert M. Buck sold 7,350 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.19, for a total value of $3,051,646.50. Following the sale, the chief executive officer owned 73,225 shares in the company, valued at $30,402,287.75. The trade was a 9.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,313 shares of company stock worth $5,118,903 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

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.