3,383 Shares in TopBuild Corp. (NYSE:BLD) Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC bought a new stake in shares of TopBuild Corp. (NYSE:BLD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,383 shares of the construction company’s stock, valued at approximately $1,491,000.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of TopBuild during the first quarter worth approximately $31,000. Contravisory Investment Management Inc. purchased a new stake in shares of TopBuild during the fourth quarter worth $28,000. Principal Securities Inc. acquired a new stake in shares of TopBuild in the fourth quarter valued at about $28,000. Rise Advisors LLC purchased a new position in shares of TopBuild in the first quarter worth about $37,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in TopBuild during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity at TopBuild

In other TopBuild news, CEO Robert M. Buck sold 2,500 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the transaction, the chief executive officer now directly owns 69,468 shares in the company, valued at $29,041,097.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TopBuild news, CEO Robert M. Buck sold 2,500 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the sale, the chief executive officer now directly owns 69,468 shares in the company, valued at $29,041,097.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert M. Buck sold 5,000 shares of the firm’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 directly 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. In the last quarter, insiders sold 8,340 shares of company stock worth $3,407,994. Insiders own 0.39% of the company’s stock.

TopBuild Trading Up 1.4 %

Shares of NYSE:BLD traded up $5.37 during midday trading on Thursday, reaching $379.19. 203,890 shares of the company’s stock were exchanged, compared to its average volume of 317,856. The firm’s 50 day simple moving average is $403.00 and its two-hundred day simple moving average is $397.10. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $452.87. 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 stock has a market cap of $12.07 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 1.73 and a beta of 1.76.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $4.36 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts forecast that TopBuild Corp. will post 21.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the subject of a number of recent research reports. Benchmark increased their price objective on shares of TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Evercore ISI boosted their price objective on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Stephens restated an “equal weight” rating and issued a $425.00 target price on shares of TopBuild in a report on Tuesday, April 23rd. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Finally, Bank of America upped their price objective on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $436.00.

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.