Insider Selling: TopBuild Corp (NYSE:BLD) CEO Sells 25,445 Shares of Stock

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TopBuild Corp (NYSE:BLD) CEO Gerald Volas sold 25,445 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $90.04, for a total value of $2,291,067.80. Following the completion of the sale, the chief executive officer now owns 161,698 shares in the company, valued at $14,559,287.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Gerald Volas also recently made the following trade(s):

  • On Monday, May 20th, Gerald Volas sold 52,206 shares of TopBuild stock. The shares were sold at an average price of $81.16, for a total value of $4,237,038.96.

TopBuild stock opened at $89.39 on Thursday. TopBuild Corp has a 1-year low of $41.27 and a 1-year high of $92.07. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.31 and a current ratio of 1.63. The firm has a market capitalization of $3.12 billion, a PE ratio of 21.33, a PEG ratio of 0.61 and a beta of 0.86. The company has a fifty day simple moving average of $83.84.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.15. TopBuild had a return on equity of 15.65% and a net margin of 6.67%. The company had revenue of $660.10 million for the quarter, compared to analysts’ expectations of $670.66 million. During the same period last year, the firm earned $1.06 earnings per share. TopBuild’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, analysts anticipate that TopBuild Corp will post 5.22 earnings per share for the current year.

Several analysts have recently issued reports on BLD shares. Nomura reiterated a “neutral” rating and issued a $85.00 price objective (down from $90.00) on shares of TopBuild in a research note on Thursday, May 16th. Zacks Investment Research upgraded TopBuild from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Tuesday, April 30th. SunTrust Banks raised their price target on TopBuild to $86.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. ValuEngine cut TopBuild from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, Buckingham Research raised their price target on TopBuild from $74.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $75.14.

A number of institutional investors have recently bought and sold shares of BLD. D. E. Shaw & Co. Inc. grew its holdings in shares of TopBuild by 210.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 8,995 shares of the construction company’s stock worth $744,000 after buying an additional 17,166 shares during the last quarter. Point72 Hong Kong Ltd lifted its position in TopBuild by 886.5% in the second quarter. Point72 Hong Kong Ltd now owns 3,206 shares of the construction company’s stock valued at $265,000 after purchasing an additional 2,881 shares during the period. Cubist Systematic Strategies LLC lifted its position in TopBuild by 778.6% in the second quarter. Cubist Systematic Strategies LLC now owns 28,485 shares of the construction company’s stock valued at $2,357,000 after purchasing an additional 25,243 shares during the period. Morgan Stanley lifted its position in TopBuild by 364.8% in the second quarter. Morgan Stanley now owns 218,912 shares of the construction company’s stock valued at $18,117,000 after purchasing an additional 171,813 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in TopBuild in the second quarter valued at about $324,000. Institutional investors own 93.53% of the company’s stock.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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Insider Buying and Selling by Quarter for TopBuild (NYSE:BLD)

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