Enhancing Capital LLC Raises Position in TopBuild Corp. (NYSE:BLD)

Enhancing Capital LLC raised its holdings in TopBuild Corp. (NYSE:BLD) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,212 shares of the construction company’s stock after buying an additional 39 shares during the period. Enhancing Capital LLC’s holdings in TopBuild were worth $675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its position in shares of TopBuild by 779.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock worth $188,098,000 after purchasing an additional 535,478 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of TopBuild during the 4th quarter worth $80,844,000. Interval Partners LP purchased a new stake in shares of TopBuild during the 4th quarter worth $53,424,000. GAMMA Investing LLC lifted its position in TopBuild by 167,622.2% in the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company’s stock valued at $46,032,000 after acquiring an additional 150,860 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in TopBuild in the first quarter valued at $41,377,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BLD. Loop Capital boosted their price target on shares of TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Seaport Res Ptn raised shares of TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Benchmark boosted their price target on shares of TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. DA Davidson reduced their price target on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $394.67.

TopBuild Trading Down 0.0%

Shares of TopBuild stock opened at $415.39 on Tuesday. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $421.11. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86. The company’s 50-day simple moving average is $347.94 and its 200-day simple moving average is $319.00. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 5.56 and a beta of 1.63.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $0.24. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $5.42 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Activity

In other TopBuild news, CFO Robert M. Kuhns sold 2,000 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the transaction, the chief financial officer directly owned 15,633 shares in the company, valued at approximately $6,504,891.30. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the sale, the chief executive officer owned 73,225 shares of the company’s stock, valued at approximately $30,402,287.75. The trade was a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,313 shares of company stock valued at $5,118,903. 0.43% of the stock is owned by insiders.

TopBuild Company Profile

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, garage doors, fireplaces, roofing materials, closet shelving, and other products.