Pitcairn Co. Has $318,000 Position in TopBuild Corp. (NYSE:BLD)

Pitcairn Co. reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 5.4% in the 1st quarter, Holdings Channel reports. The firm owned 721 shares of the construction company’s stock after selling 41 shares during the quarter. Pitcairn Co.’s holdings in TopBuild were worth $318,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in TopBuild during the 1st quarter worth about $31,000. Principal Securities Inc. bought a new stake in shares of TopBuild during the 4th quarter valued at about $28,000. Rise Advisors LLC acquired a new stake in TopBuild during the first quarter worth approximately $37,000. Benjamin F. Edwards & Company Inc. bought a new stake in TopBuild in the fourth quarter worth approximately $36,000. Finally, Northwest Financial Advisors acquired a new position in TopBuild in the fourth quarter valued at approximately $41,000. 95.67% of the stock is currently owned by institutional investors.

Insider Activity at TopBuild

In other news, Director Nancy M. Taylor sold 300 shares of TopBuild stock in a transaction on Friday, May 31st. The stock was sold at an average price of $415.81, for a total value of $124,743.00. Following the completion of the transaction, the director now directly owns 5,920 shares in the company, valued at $2,461,595.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other TopBuild news, Director Nancy M. Taylor sold 300 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $415.81, for a total value of $124,743.00. Following the completion of the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert M. Buck sold 2,500 shares of TopBuild stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total value of $1,045,125.00. Following the sale, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at approximately $29,041,097.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,340 shares of company stock worth $3,407,994. 0.46% of the stock is owned by corporate insiders.

TopBuild Stock Performance

Shares of TopBuild stock traded up $8.29 during trading hours on Thursday, hitting $445.10. 240,824 shares of the company’s stock traded hands, compared to its average volume of 281,156. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.10 and a beta of 1.76. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $470.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.81 and a quick ratio of 2.33. The company has a fifty day simple moving average of $407.77 and a 200-day simple moving average of $402.87.

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

Analyst Ratings Changes

Several research analysts recently issued reports on BLD shares. Evercore ISI increased their target price on shares of TopBuild from $529.00 to $555.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Benchmark increased their price objective on shares of TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Jefferies Financial Group raised their target price on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Stephens reaffirmed an “equal weight” rating and set a $425.00 price target on shares of TopBuild in a research note on Tuesday, April 23rd. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $461.89.

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.