Credit Suisse AG decreased its position in TopBuild Corp. (NYSE:BLD – Free Report) by 13.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,870 shares of the construction company’s stock after selling 10,677 shares during the period. Credit Suisse AG owned about 0.21% of TopBuild worth $13,710,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLD. JPMorgan Chase & Co. increased its stake in shares of TopBuild by 2.6% during the first quarter. JPMorgan Chase & Co. now owns 75,512 shares of the construction company’s stock worth $13,697,000 after purchasing an additional 1,891 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of TopBuild by 26.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,598 shares of the construction company’s stock worth $290,000 after purchasing an additional 331 shares in the last quarter. Bank of Montreal Can increased its stake in shares of TopBuild by 3.8% during the first quarter. Bank of Montreal Can now owns 4,993 shares of the construction company’s stock worth $998,000 after purchasing an additional 184 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of TopBuild by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,067 shares of the construction company’s stock worth $2,189,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of TopBuild by 9.1% during the first quarter. Great West Life Assurance Co. Can now owns 18,097 shares of the construction company’s stock worth $3,375,000 after purchasing an additional 1,503 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.
TopBuild Stock Performance
NYSE:BLD opened at $274.31 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.37 and a quick ratio of 1.86. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 2.54 and a beta of 1.58. The company’s 50-day moving average is $273.95 and its two-hundred day moving average is $230.40. TopBuild Corp. has a 1-year low of $140.66 and a 1-year high of $307.54.
Insider Buying and Selling
In related news, insider Robert Jeffrey Franklin sold 1,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $217.67, for a total transaction of $217,670.00. Following the completion of the transaction, the insider now owns 17,091 shares of the company’s stock, valued at approximately $3,720,197.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Robert Jeffrey Franklin sold 1,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $217.67, for a total transaction of $217,670.00. Following the completion of the transaction, the insider now owns 17,091 shares of the company’s stock, valued at approximately $3,720,197.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert M. Buck sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $301.76, for a total transaction of $1,357,920.00. Following the completion of the transaction, the chief executive officer now directly owns 73,830 shares of the company’s stock, valued at approximately $22,278,940.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,749 shares of company stock valued at $3,847,447. Company insiders own 0.46% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently commented on BLD. Truist Financial boosted their target price on shares of TopBuild from $256.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Benchmark reaffirmed a “buy” rating and set a $320.00 price objective on shares of TopBuild in a research note on Tuesday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of TopBuild from $224.00 to $314.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Bank of America upped their price objective on shares of TopBuild from $255.00 to $305.00 in a research note on Friday, July 14th. Finally, Jefferies Financial Group upped their price objective on shares of TopBuild from $262.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $281.00.
Check Out Our Latest Report on TopBuild
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.
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