AlphaQuest LLC Raises Position in TopBuild Corp. $BLD

AlphaQuest LLC increased its holdings in TopBuild Corp. (NYSE:BLD) by 438.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 334 shares of the construction company’s stock after buying an additional 272 shares during the period. AlphaQuest LLC’s holdings in TopBuild were worth $108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. raised its position in shares of TopBuild by 5.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 639,040 shares of the construction company’s stock worth $194,876,000 after buying an additional 34,885 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in TopBuild by 25.0% in the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company’s stock valued at $141,908,000 after acquiring an additional 93,011 shares during the last quarter. Boston Partners bought a new position in TopBuild in the first quarter valued at $116,738,000. Northern Trust Corp increased its stake in TopBuild by 1.2% in the first quarter. Northern Trust Corp now owns 318,995 shares of the construction company’s stock valued at $97,278,000 after acquiring an additional 3,774 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in TopBuild in the second quarter valued at $109,447,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BLD shares. UBS Group set a $370.00 target price on TopBuild and gave the company a “hold” rating in a research note on Tuesday, August 5th. Bank of America increased their target price on TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Vertical Research assumed 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. Loop Capital upped 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. Finally, JPMorgan Chase & Co. upped 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. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $412.50.

Insider Activity at TopBuild

In other TopBuild news, CEO Robert M. Buck sold 7,350 shares of the firm’s 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 completion of the transaction, the chief executive officer owned 73,225 shares of the company’s stock, valued at approximately $30,402,287.75. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeff M. Krestancic sold 373 shares of the firm’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 transaction of $154,795.00. Following the transaction, the insider directly owned 4,934 shares of the company’s stock, valued at $2,047,610. This represents a 7.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,663 shares of company stock valued at $5,709,488 in the last three months. Corporate insiders own 0.43% of the company’s stock.

TopBuild Price Performance

BLD stock opened at $418.76 on Wednesday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $461.49. The company has a market cap of $11.78 billion, a P/E ratio of 20.62, a PEG ratio of 4.42 and a beta of 1.64. The firm has a 50-day moving average of $420.62 and a 200 day moving average of $367.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29.

TopBuild (NYSE:BLD) last released 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 company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the firm earned $5.42 earnings per share. TopBuild’s revenue was down 5.0% on a year-over-year basis. On average, sell-side analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

TopBuild 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.