TopBuild Corp. (NYSE:BLD) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its stake in shares of TopBuild Corp. (NYSE:BLD) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 871 shares of the construction company’s stock after selling 102 shares during the period. Park Avenue Securities LLC’s holdings in TopBuild were worth $354,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Apella Capital LLC acquired a new position in TopBuild during the 3rd quarter valued at about $201,000. Anchor Investment Management LLC increased its stake in TopBuild by 17.5% during the 2nd quarter. Anchor Investment Management LLC now owns 805 shares of the construction company’s stock valued at $310,000 after buying an additional 120 shares during the period. Sanctuary Advisors LLC bought a new position in shares of TopBuild during the 2nd quarter valued at about $2,004,000. B. Riley Wealth Advisors Inc. bought a new position in shares of TopBuild during the 2nd quarter valued at about $412,000. Finally, Creative Planning boosted its position in shares of TopBuild by 3.5% during the 2nd quarter. Creative Planning now owns 9,499 shares of the construction company’s stock valued at $3,660,000 after purchasing an additional 319 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BLD. Jefferies Financial Group reduced their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial decreased their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Evercore ISI decreased their target price on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson decreased their price target on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $446.67.

TopBuild Price Performance

Shares of BLD opened at $386.99 on Friday. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $495.68. The firm has a market cap of $12.31 billion, a PE ratio of 19.51, a PEG ratio of 2.45 and a beta of 1.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The firm’s 50 day moving average price is $387.90 and its 200 day moving average price is $405.13.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business earned $5.25 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts expect that TopBuild Corp. will post 21.08 EPS for the current fiscal year.

About TopBuild

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.