Inscription Capital LLC Raises Holdings in TopBuild Corp. $BLD

Inscription Capital LLC boosted its stake in TopBuild Corp. (NYSE:BLD) by 104.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,949 shares of the construction company’s stock after buying an additional 1,508 shares during the quarter. Inscription Capital LLC’s holdings in TopBuild were worth $1,153,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Boston Partners raised its holdings in shares of TopBuild by 102.2% in the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after acquiring an additional 391,299 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares in the last quarter. Norges Bank acquired a new position in TopBuild in the 2nd quarter valued at about $110,238,000. Allspring Global Investments Holdings LLC purchased a new position in TopBuild in the 2nd quarter valued at about $109,447,000. Finally, Nordea Investment Management AB boosted its stake in shares of TopBuild by 228.6% during the 3rd quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock worth $107,873,000 after purchasing an additional 193,969 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

BLD has been the subject of a number of analyst reports. Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, January 14th. Truist Financial boosted their target price on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. Royal Bank Of Canada assumed coverage on shares of TopBuild in a research report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, DA Davidson restated a “buy” rating and set a $485.00 price objective on shares of TopBuild in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $439.73.

Insider Activity

In related news, VP Luis Francisco Machado sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the sale, the vice president directly owned 9,349 shares in the company, valued at approximately $4,210,789.60. This trade represents a 9.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.43% of the company’s stock.

TopBuild Price Performance

BLD opened at $481.76 on Wednesday. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $509.36. The company has a 50 day moving average of $440.40 and a two-hundred day moving average of $420.74. The company has a market cap of $13.52 billion, a P/E ratio of 24.46, a P/E/G ratio of 8.15 and a beta of 1.68. 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 (NYSE:BLD) last posted its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.14. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business posted $5.68 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

TopBuild 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.