Citigroup Inc. Has $3.94 Million Stake in TopBuild Corp. (NYSE:BLD)

Citigroup Inc. reduced its holdings in TopBuild Corp. (NYSE:BLD – Get Rating) by 6.5% during the 4th quarter, HoldingsChannel reports. The firm owned 25,198 shares of the construction company’s stock after selling 1,750 shares during the quarter. Citigroup Inc.’s holdings in TopBuild were worth $3,943,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLD. Ronald Blue Trust Inc. lifted its stake in shares of TopBuild by 122.1% in the fourth quarter. Ronald Blue Trust Inc. now owns 151 shares of the construction company’s stock valued at $25,000 after buying an additional 83 shares during the period. Ellevest Inc. bought a new position in TopBuild during the third quarter worth about $37,000. Covestor Ltd lifted its stake in TopBuild by 118.0% during the first quarter. Covestor Ltd now owns 279 shares of the construction company’s stock worth $51,000 after purchasing an additional 151 shares during the period. CWM LLC lifted its stake in TopBuild by 68.2% during the fourth quarter. CWM LLC now owns 375 shares of the construction company’s stock worth $59,000 after purchasing an additional 152 shares during the period. Finally, Harbor Investment Advisory LLC lifted its stake in TopBuild by 21.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 425 shares of the construction company’s stock worth $67,000 after purchasing an additional 76 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Performance

NYSE:BLD opened at $210.71 on Monday. TopBuild Corp. has a 1 year low of $140.66 and a 1 year high of $227.08. The firm has a 50 day moving average of $205.11 and a 200-day moving average of $185.53. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $6.69 billion, a P/E ratio of 11.73 and a beta of 1.50.

TopBuild (NYSE:BLD – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The construction company reported $4.36 earnings per share for the quarter, beating analysts’ consensus estimates of $4.06 by $0.30. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. TopBuild had a net margin of 11.31% and a return on equity of 30.52%. TopBuild’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 earnings per share. As a group, sell-side analysts anticipate that TopBuild Corp. will post 15.71 EPS for the current fiscal year.

Insider Activity at TopBuild

In related news, insider Robert Jeffrey Franklin sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $212.97, for a total value of $212,970.00. Following the completion of the sale, the insider now owns 19,091 shares of the company’s stock, valued at $4,065,810.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other TopBuild news, insider Robert Jeffrey Franklin sold 1,000 shares of TopBuild stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $212.97, for a total transaction of $212,970.00. Following the completion of the sale, the insider now owns 19,091 shares of the company’s stock, valued at approximately $4,065,810.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven P. Raia sold 6,223 shares of TopBuild stock in a transaction on Monday, May 8th. The stock was sold at an average price of $213.00, for a total transaction of $1,325,499.00. Following the sale, the insider now directly owns 14,670 shares of the company’s stock, valued at approximately $3,124,710. The disclosure for this sale can be found here. Insiders sold a total of 8,703 shares of company stock valued at $1,852,421 over the last quarter. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. KeyCorp raised their price target on shares of TopBuild from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Loop Capital raised their price target on shares of TopBuild from $210.00 to $225.00 in a research note on Friday, May 5th. Stephens raised their price target on shares of TopBuild from $230.00 to $250.00 in a research note on Monday, May 8th. Finally, StockNews.com began coverage on shares of TopBuild in a research note on Thursday. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $226.14.

TopBuild Profile

(Get Rating)

TopBuild Corp. engages in the installation and distribution of insulation products and other building products to the U.S. and Canadian construction industry. It operates through the following segments: Installation, Specialty Distribution, and Corporate. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services and business branches located in the U.S.