Fmr LLC Sells 24,155 Shares of TopBuild Corp (BLD)

Fmr LLC trimmed its holdings in TopBuild Corp (NYSE:BLD) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,088,461 shares of the construction company’s stock after selling 24,155 shares during the period. Fmr LLC owned 5.86% of TopBuild worth $163,611,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. acquired a new stake in shares of TopBuild in the second quarter worth $67,350,000. KAMES CAPITAL plc acquired a new stake in shares of TopBuild in the second quarter worth $27,750,000. BlackRock Inc. lifted its stake in shares of TopBuild by 4.8% in the second quarter. BlackRock Inc. now owns 5,314,739 shares of the construction company’s stock worth $416,356,000 after buying an additional 244,583 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of TopBuild by 74.8% in the second quarter. Brown Advisory Inc. now owns 541,999 shares of the construction company’s stock worth $42,460,000 after buying an additional 231,843 shares during the last quarter. Finally, Columbus Circle Investors lifted its stake in shares of TopBuild by 16.6% in the second quarter. Columbus Circle Investors now owns 230,751 shares of the construction company’s stock worth $18,077,000 after buying an additional 32,851 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on BLD. Jefferies Financial Group restated a “buy” rating and issued a $98.00 price objective on shares of TopBuild in a research note on Friday, July 20th. Seaport Global Securities restated a “buy” rating and issued a $94.00 price objective on shares of TopBuild in a research note on Sunday, August 12th. ValuEngine cut shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Stephens restated a “buy” rating and issued a $87.00 price objective on shares of TopBuild in a research note on Thursday, August 16th. Finally, KeyCorp set a $81.00 price objective on shares of TopBuild and gave the stock a “buy” rating in a research note on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $86.70.

NYSE:BLD opened at $49.32 on Monday. The firm has a market cap of $1.76 billion, a P/E ratio of 14.38 and a beta of 0.77. TopBuild Corp has a one year low of $42.18 and a one year high of $87.21. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.69.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 7th. The construction company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.08. The firm had revenue of $605.97 million during the quarter, compared to analysts’ expectations of $594.43 million. TopBuild had a net margin of 9.10% and a return on equity of 12.42%. As a group, analysts forecast that TopBuild Corp will post 4.19 earnings per share for the current fiscal year.

In related news, insider Robert M. Buck sold 17,766 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $77.40, for a total transaction of $1,375,088.40. Following the completion of the transaction, the insider now directly owns 62,696 shares in the company, valued at approximately $4,852,670.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John S. Peterson sold 1,887 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $77.28, for a total transaction of $145,827.36. Following the transaction, the vice president now owns 33,927 shares of the company’s stock, valued at $2,621,878.56. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

TopBuild Company Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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