Maryland State Retirement & Pension System Sells 200 Shares of TopBuild Corp. (NYSE:BLD)

Maryland State Retirement & Pension System cut its holdings in TopBuild Corp. (NYSE:BLD) by 12.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,407 shares of the construction company’s stock after selling 200 shares during the period. Maryland State Retirement & Pension System’s holdings in TopBuild were worth $429,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of TopBuild in the 1st quarter worth about $50,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of TopBuild by 240.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company’s stock worth $57,000 after purchasing an additional 132 shares during the period. Raiffeisen Bank International AG purchased a new position in TopBuild during the 4th quarter valued at about $81,000. Finally, Signaturefd LLC lifted its position in TopBuild by 170.1% during the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock valued at $80,000 after acquiring an additional 165 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLD has been the subject of several recent analyst reports. Bank of America lifted their target price on shares of TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Benchmark boosted their target price on shares of TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Stephens reduced their price objective on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. Loop Capital increased their price objective on shares of TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $394.67.

TopBuild Trading Down 1.0%

Shares of BLD opened at $432.68 on Friday. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $445.74. The company has a market cap of $12.18 billion, a P/E ratio of 21.30, a P/E/G ratio of 5.84 and a beta of 1.63. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The company’s fifty day simple moving average is $359.33 and its 200-day simple moving average is $321.84.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.07 by $0.24. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $5.42 EPS. As a group, analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling at TopBuild

In other news, insider Jeff M. Krestancic sold 373 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.00, for a total value of $154,795.00. Following the sale, the insider directly owned 4,934 shares in the company, valued at approximately $2,047,610. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert M. Kuhns sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the completion of the sale, the chief financial officer owned 15,633 shares in the company, valued at $6,504,891.30. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,313 shares of company stock worth $5,118,903. Company 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.