TopBuild Corp. (NYSE:BLD) Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda reduced its position in shares of TopBuild Corp. (NYSE:BLD) by 90.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 149 shares of the construction company’s stock after selling 1,447 shares during the period. Kapitalo Investimentos Ltda’s holdings in TopBuild were worth $56,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. increased its position in TopBuild by 2,300.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company’s stock worth $99,000 after purchasing an additional 253 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in TopBuild during the fourth quarter worth about $636,000. Vanguard Group Inc. increased its position in shares of TopBuild by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,974,062 shares of the construction company’s stock valued at $1,113,072,000 after acquiring an additional 23,906 shares during the last quarter. Wellington Management Group LLP increased its position in shares of TopBuild by 44.8% during the fourth quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company’s stock valued at $8,327,000 after acquiring an additional 6,887 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of TopBuild by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 300,001 shares of the construction company’s stock valued at $112,279,000 after acquiring an additional 23,267 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Down 5.6 %

Shares of TopBuild stock opened at $388.15 on Friday. TopBuild Corp. has a 52-week low of $217.08 and a 52-week high of $452.87. The company has a 50 day moving average of $405.59 and a 200 day moving average of $393.47. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $12.35 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.90 and a beta of 1.75.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $0.25. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm earned $4.36 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, research analysts forecast that TopBuild Corp. will post 21.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert M. Buck sold 5,000 shares of TopBuild stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the transaction, the chief executive officer now owns 71,968 shares in the company, valued at $29,054,920.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Robert M. Buck sold 5,000 shares of TopBuild stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the transaction, the chief executive officer now owns 71,968 shares in the company, valued at $29,054,920.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert M. Buck sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the sale, the chief executive officer now directly owns 69,468 shares in the company, valued at approximately $29,041,097.40. The disclosure for this sale can be found here. Insiders sold 8,340 shares of company stock worth $3,407,994 over the last 90 days. 0.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLD. Evercore ISI lifted their price target on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. DA Davidson began coverage on shares of TopBuild in a research report on Tuesday, March 5th. They set a “buy” rating and a $470.00 price target for the company. Bank of America lifted their price target on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Finally, Stephens reissued an “equal weight” rating and issued a $425.00 price objective on shares of TopBuild in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $420.90.

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.