First National Advisers LLC Makes New Investment in TopBuild Corp. (NYSE:BLD)

First National Advisers LLC bought a new position in TopBuild Corp. (NYSE:BLD) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,022 shares of the construction company’s stock, valued at approximately $312,000.

Several other large investors have also bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of TopBuild by 111.5% in the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the period. Rossby Financial LCC bought a new stake in shares of TopBuild in the first quarter worth approximately $50,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of TopBuild by 240.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company’s stock worth $57,000 after acquiring an additional 132 shares during the period. Signaturefd LLC grew its stake in shares of TopBuild by 170.1% in the first quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock worth $80,000 after acquiring an additional 165 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of TopBuild in the fourth quarter worth approximately $81,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price target for the company. DA Davidson reduced their price target on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Loop Capital lifted their price target on shares of TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Stephens reduced their price target on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.27.

Insider Buying and Selling at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the transaction, the insider directly owned 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by insiders.

TopBuild Stock Performance

BLD opened at $384.08 on Monday. The firm has a market cap of $10.98 billion, a P/E ratio of 19.43, a PEG ratio of 4.93 and a beta of 1.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a 50 day simple moving average of $323.60 and a two-hundred day simple moving average of $314.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The company’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.81 earnings per share. Equities analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.