Harbor Capital Advisors Inc. Invests $1.63 Million in TopBuild Corp. $BLD

Harbor Capital Advisors Inc. purchased a new stake in shares of TopBuild Corp. (NYSE:BLD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,172 shares of the construction company’s stock, valued at approximately $1,631,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of TopBuild in the second quarter worth $35,000. SVB Wealth LLC purchased a new stake in shares of TopBuild during the first quarter valued at $35,000. MAI Capital Management increased its holdings in TopBuild by 28.3% in the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after buying an additional 26 shares in the last quarter. Smartleaf Asset Management LLC raised its position in 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. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in TopBuild during the 2nd quarter valued at about $63,000. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Up 0.3%

BLD stock opened at $428.13 on Friday. The business’s 50-day moving average price is $432.38 and its 200-day moving average price is $402.19. The stock has a market cap of $12.02 billion, a P/E ratio of 21.73, a PEG ratio of 7.14 and a beta of 1.67. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $461.49.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business earned $5.68 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts forecast 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 company’s stock in a transaction 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 owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. This represents a 9.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BLD. DA Davidson reaffirmed a “buy” rating and set a $485.00 price target on shares of TopBuild in a report on Wednesday, December 10th. Evercore ISI dropped their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Jefferies Financial Group lifted their target price on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada began coverage on TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.