3,727 Shares in TopBuild Corp. $BLD Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in TopBuild Corp. (NYSE:BLD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,727 shares of the construction company’s stock, valued at approximately $1,207,000.

Other large investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC purchased a new stake in TopBuild during the second quarter valued at $189,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of TopBuild by 3.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 20,877 shares of the construction company’s stock worth $6,758,000 after purchasing an additional 663 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of TopBuild by 9.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,307 shares of the construction company’s stock worth $37,298,000 after purchasing an additional 10,351 shares in the last quarter. E. Ohman J or Asset Management AB grew its holdings in TopBuild by 7.0% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 81,384 shares of the construction company’s stock valued at $26,347,000 after buying an additional 5,344 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in TopBuild by 1.4% during the 1st quarter. Intech Investment Management LLC now owns 47,329 shares of the construction company’s stock valued at $14,433,000 after buying an additional 652 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial raised their price objective on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research note on Thursday, October 9th. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Vertical Research began coverage on TopBuild in a report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target on the stock. Benchmark lifted their price target on TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, UBS Group set a $370.00 price objective on TopBuild and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $412.50.

TopBuild Price Performance

Shares of TopBuild stock opened at $422.60 on Tuesday. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $461.49. The business has a 50-day moving average price of $420.75 and a 200 day moving average price of $366.65. 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 firm has a market cap of $11.89 billion, a PE ratio of 20.81, a P/E/G ratio of 4.42 and a beta of 1.64.

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

Insiders Place Their Bets

In related news, CEO Robert M. Buck sold 7,350 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.19, for a total value of $3,051,646.50. Following the transaction, the chief executive officer directly owned 73,225 shares in the company, valued at approximately $30,402,287.75. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeff M. Krestancic sold 373 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the transaction, the insider owned 4,934 shares in the company, valued at $2,047,610. This represents a 7.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 13,663 shares of company stock valued at $5,709,488. Insiders own 0.43% of the company’s stock.

About TopBuild

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.