State of Michigan Retirement System decreased its stake in TopBuild Corp. (NYSE:BLD – Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,057 shares of the construction company’s stock after selling 100 shares during the quarter. State of Michigan Retirement System’s holdings in TopBuild were worth $1,677,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ronald Blue Trust Inc. lifted its stake in shares of TopBuild by 122.1% during the 4th quarter. Ronald Blue Trust Inc. now owns 151 shares of the construction company’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of TopBuild by 85.9% during the 1st quarter. Fifth Third Bancorp now owns 264 shares of the construction company’s stock worth $55,000 after acquiring an additional 122 shares during the last quarter. Covestor Ltd lifted its stake in shares of TopBuild by 118.0% during the 1st quarter. Covestor Ltd now owns 279 shares of the construction company’s stock worth $51,000 after acquiring an additional 151 shares during the last quarter. CWM LLC lifted its stake in shares of TopBuild by 68.2% during the 4th quarter. CWM LLC now owns 375 shares of the construction company’s stock worth $59,000 after acquiring an additional 152 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in shares of TopBuild by 21.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 425 shares of the construction company’s stock worth $67,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.
TopBuild Trading Down 0.1 %
BLD opened at $266.88 on Friday. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 3.00 and a beta of 1.57. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.68. TopBuild Corp. has a 12 month low of $140.66 and a 12 month high of $280.67. The stock has a fifty day moving average price of $240.90 and a 200-day moving average price of $213.55.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on BLD shares. Bank of America raised their price target on TopBuild from $255.00 to $305.00 in a research note on Friday, July 14th. Stephens lifted their target price on TopBuild from $230.00 to $250.00 in a research report on Monday, May 8th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Loop Capital lifted their target price on TopBuild from $225.00 to $285.00 in a research report on Friday, June 30th. Finally, Jefferies Financial Group lifted their target price on TopBuild from $262.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, TopBuild has an average rating of “Moderate Buy” and an average target price of $259.75.
Insider Buying and Selling
In related news, Director Tina Donikowski sold 1,480 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $212.13, for a total transaction of $313,952.40. Following the transaction, the director now directly owns 4,400 shares in the company, valued at approximately $933,372. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Tina Donikowski sold 1,480 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $212.13, for a total transaction of $313,952.40. Following the transaction, the director now directly owns 4,400 shares in the company, valued at approximately $933,372. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert M. Buck sold 4,473 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $240.04, for a total value of $1,073,698.92. Following the transaction, the chief executive officer now owns 78,330 shares in the company, valued at $18,802,333.20. The disclosure for this sale can be found here. Insiders have sold a total of 16,876 shares of company stock worth $3,722,427 in the last ninety days. 0.46% of the stock is owned by insiders.
TopBuild 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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.
Featured Stories
- Five stocks we like better than TopBuild
- MarketBeat Week in Review – 7/17 – 7/21
- U.S. Bancorp Shares Rally As Analysts Get Bullish After Q2 Report
- AutoNation Beats Earnings Expectations, Stock Down?
- American Express Hiccups After Earnings, Time To Buy?
- ISRG Stock Sinks After Strong Earnings: Is the Growth Priced In?
Want to see what other hedge funds are holding BLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TopBuild Corp. (NYSE:BLD – Free Report).
Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.
