Robert M. Kuhns Sells 1,600 Shares of TopBuild Corp. (NYSE:BLD) Stock

TopBuild Corp. (NYSE:BLD) CFO Robert M. Kuhns sold 1,600 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $418.37, for a total transaction of $669,392.00. Following the transaction, the chief financial officer owned 17,633 shares in the company, valued at approximately $7,377,118.21. This trade represents a 8.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TopBuild Stock Performance

NYSE:BLD opened at $414.85 on Monday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $421.11. The firm’s fifty day simple moving average is $345.24 and its 200 day simple moving average is $318.56. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $11.67 billion, a PE ratio of 20.43, a PEG ratio of 5.56 and a beta of 1.63.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.24. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the firm earned $5.42 EPS. The business’s revenue was down 5.0% on a year-over-year basis. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Institutional Trading of TopBuild

A number of hedge funds have recently bought and sold shares of the stock. Secure Asset Management LLC boosted its holdings in TopBuild by 1.3% in the 2nd quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company’s stock valued at $702,000 after purchasing an additional 27 shares during the period. UMB Bank n.a. boosted its holdings in TopBuild by 8.0% in the 2nd quarter. UMB Bank n.a. now owns 364 shares of the construction company’s stock valued at $118,000 after purchasing an additional 27 shares during the period. Snowden Capital Advisors LLC boosted its holdings in TopBuild by 2.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company’s stock valued at $429,000 after purchasing an additional 33 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in TopBuild by 3.3% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 1,111 shares of the construction company’s stock valued at $360,000 after purchasing an additional 36 shares during the period. Finally, Enhancing Capital LLC boosted its holdings in TopBuild by 1.8% in the 1st quarter. Enhancing Capital LLC now owns 2,212 shares of the construction company’s stock valued at $675,000 after purchasing an additional 39 shares during the period. 95.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BLD has been the topic of several analyst reports. Seaport Res Ptn upgraded shares of TopBuild from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Loop Capital increased 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. Bank of America increased their price target on shares of TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Evercore ISI increased their price target on shares of TopBuild from $347.00 to $418.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 6th. Finally, Stephens dropped their price target on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $394.67.

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.