Ausbil Investment Management Ltd Has $3.15 Million Position in TopBuild Corp. (NYSE:BLD)

Ausbil Investment Management Ltd increased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 31.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 7,184 shares of the construction company’s stock after acquiring an additional 1,700 shares during the period. TopBuild accounts for about 1.6% of Ausbil Investment Management Ltd’s portfolio, making the stock its 24th largest position. Ausbil Investment Management Ltd’s holdings in TopBuild were worth $3,149,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in BLD. Contravisory Investment Management Inc. bought a new position in TopBuild during the 4th quarter valued at about $28,000. Principal Securities Inc. bought a new position in TopBuild during the 4th quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. bought a new position in TopBuild during the 4th quarter valued at about $36,000. Rise Advisors LLC bought a new position in TopBuild during the 1st quarter valued at about $37,000. Finally, Northwest Financial Advisors bought a new position in TopBuild during the 4th quarter valued at about $41,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TopBuild

In related news, CEO Robert M. Buck sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the completion of the transaction, the chief executive officer now owns 71,968 shares in the company, valued at $29,054,920.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Robert M. Buck sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 69,468 shares in the company, valued at $29,041,097.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert M. Buck sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the completion of the transaction, the chief executive officer now owns 71,968 shares of the company’s stock, valued at approximately $29,054,920.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,340 shares of company stock worth $3,407,994. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BLD has been the subject of several analyst reports. DA Davidson started coverage on shares of TopBuild in a report on Tuesday, March 5th. They set a “buy” rating and a $470.00 price target for the company. Stephens reaffirmed an “equal weight” rating and issued a $425.00 target price on shares of TopBuild in a research note on Tuesday, April 23rd. Evercore ISI boosted their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. Finally, Bank of America boosted their target price on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $420.90.

TopBuild Trading Up 1.0 %

Shares of BLD traded up $3.88 on Friday, reaching $385.33. 8,149 shares of the company’s stock were exchanged, compared to its average volume of 275,215. The company has a current ratio of 2.81, a quick ratio of 2.33 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $12.26 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.76 and a beta of 1.75. The business has a 50 day moving average price of $403.88 and a two-hundred day moving average price of $395.89. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $452.87.

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