Moran Wealth Management LLC Sells 3,380 Shares of TopBuild Corp. $BLD

Moran Wealth Management LLC reduced its position in shares of TopBuild Corp. (NYSE:BLD) by 26.4% in the third quarter, Holdings Channel reports. The firm owned 9,427 shares of the construction company’s stock after selling 3,380 shares during the period. Moran Wealth Management LLC’s holdings in TopBuild were worth $3,685,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BLD. SJS Investment Consulting Inc. grew its position in TopBuild by 3,433.3% during the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock worth $41,000 after buying an additional 103 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of TopBuild in the 2nd quarter valued at about $35,000. MAI Capital Management raised its holdings in shares of TopBuild by 28.3% in the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of TopBuild by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock valued at $47,000 after acquiring an additional 73 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of TopBuild during the second quarter worth about $63,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of TopBuild stock opened at $441.58 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $461.49. The company has a fifty day moving average of $430.01 and a 200-day moving average of $411.04. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 6.97 and a beta of 1.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.14. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $5.68 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling at TopBuild

In related news, VP Luis Francisco Machado sold 1,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the sale, the vice president directly owned 9,349 shares in the company, valued at $4,210,789.60. This represents a 9.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BLD shares. Royal Bank Of Canada initiated coverage on shares of TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 target price on the stock. Jefferies Financial Group raised their price objective on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. The Goldman Sachs Group lifted their price objective on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Vertical Research initiated coverage on TopBuild in a research note on Tuesday, October 21st. They issued a “buy” rating and a $517.96 target price on the stock. Finally, Evercore ISI lowered their price target on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus price target of $437.06.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.