Spire Wealth Management Reduces Stake in TopBuild Corp. (NYSE:BLD)

Spire Wealth Management decreased its stake in TopBuild Corp. (NYSE:BLDFree Report) by 41.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394 shares of the construction company’s stock after selling 276 shares during the period. Spire Wealth Management’s holdings in TopBuild were worth $99,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BLD. Capital Research Global Investors grew its holdings in shares of TopBuild by 1.1% during the 2nd quarter. Capital Research Global Investors now owns 2,775,908 shares of the construction company’s stock valued at $738,425,000 after purchasing an additional 29,572 shares during the last quarter. State Street Corp grew its holdings in shares of TopBuild by 0.8% during the 2nd quarter. State Street Corp now owns 1,006,208 shares of the construction company’s stock valued at $267,671,000 after purchasing an additional 7,955 shares during the last quarter. Capital International Investors grew its holdings in shares of TopBuild by 135.6% during the 1st quarter. Capital International Investors now owns 913,930 shares of the construction company’s stock valued at $165,778,000 after purchasing an additional 526,053 shares during the last quarter. Millennium Management LLC grew its holdings in shares of TopBuild by 230.1% during the 4th quarter. Millennium Management LLC now owns 864,237 shares of the construction company’s stock valued at $135,244,000 after purchasing an additional 602,416 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of TopBuild by 16.4% during the 2nd quarter. Geode Capital Management LLC now owns 519,495 shares of the construction company’s stock valued at $138,196,000 after purchasing an additional 73,210 shares during the last quarter. Institutional investors own 95.58% of the company’s stock.

TopBuild Trading Up 0.2 %

NYSE:BLD opened at $391.54 on Monday. The company has a 50-day moving average price of $362.74 and a 200-day moving average price of $301.82. TopBuild Corp. has a 12 month low of $184.50 and a 12 month high of $395.39. The company has a current ratio of 2.50, a quick ratio of 2.02 and a debt-to-equity ratio of 0.58. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 1.89 and a beta of 1.67.

Analyst Ratings Changes

BLD has been the topic of several recent research reports. The Goldman Sachs Group increased their target price on shares of TopBuild from $369.00 to $419.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Truist Financial cut shares of TopBuild from a “buy” rating to a “hold” rating and increased their price target for the company from $290.00 to $410.00 in a research report on Thursday, January 4th. JPMorgan Chase & Co. raised shares of TopBuild from a “neutral” rating to an “overweight” rating and increased their price target for the company from $312.00 to $387.00 in a research report on Thursday, December 14th. Evercore ISI raised shares of TopBuild from an “in-line” rating to an “outperform” rating and increased their price target for the company from $308.00 to $368.00 in a research report on Thursday, November 9th. Finally, Loop Capital raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus price target of $341.67.

View Our Latest Report on BLD

Insider Transactions at TopBuild

In other news, CEO Robert M. Buck sold 2,500 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $374.60, for a total value of $936,500.00. Following the completion of the sale, the chief executive officer now directly owns 66,830 shares of the company’s stock, valued at approximately $25,034,518. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $374.60, for a total value of $936,500.00. Following the completion of the transaction, the chief executive officer now directly owns 66,830 shares in the company, valued at approximately $25,034,518. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert M. Buck sold 4,500 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $296.02, for a total transaction of $1,332,090.00. Following the completion of the transaction, the chief executive officer now owns 69,330 shares of the company’s stock, valued at $20,523,066.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,000 shares of company stock valued at $2,643,240. Company insiders own 0.46% of the company’s stock.

TopBuild Company Profile

(Free Report)

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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.

Further Reading

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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