Allianz Asset Management GmbH Sells 3,324 Shares of TopBuild Corp. $BLD

Allianz Asset Management GmbH decreased its holdings in TopBuild Corp. (NYSE:BLD) by 19.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,357 shares of the construction company’s stock after selling 3,324 shares during the quarter. Allianz Asset Management GmbH’s holdings in TopBuild were worth $5,221,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of TopBuild during the third quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in TopBuild in the 2nd quarter worth approximately $35,000. MAI Capital Management raised its stake in TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after buying an additional 26 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of TopBuild by 3,433.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after buying an additional 103 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of TopBuild by 100.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock worth $47,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Benchmark upped their price objective on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. DA Davidson reaffirmed a “buy” rating and set a $485.00 price target on shares of TopBuild in a research report on Wednesday, December 10th. Royal Bank Of Canada began coverage on shares of TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price objective on the stock. Weiss Ratings upgraded shares of TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, Vertical Research assumed coverage on shares of TopBuild in a research report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $439.73.

TopBuild Trading Up 3.2%

Shares of NYSE:BLD opened at $539.20 on Wednesday. The stock has a 50 day moving average of $458.33 and a 200 day moving average of $433.76. The company has a market cap of $15.14 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 8.57 and a beta of 1.70. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $540.05. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26.

Insider Buying and Selling at TopBuild

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by insiders.

TopBuild Company Profile

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.