Inspire Advisors LLC Takes Position in TopBuild Corp. $BLD

Inspire Advisors LLC bought a new position in TopBuild Corp. (NYSE:BLD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,381 shares of the construction company’s stock, valued at approximately $540,000.

A number of other hedge funds also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in TopBuild in the 2nd quarter worth about $35,000. MAI Capital Management lifted its position in shares of 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 acquiring an additional 26 shares during the period. SJS Investment Consulting Inc. grew its holdings in shares of TopBuild by 3,433.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock worth $41,000 after purchasing an additional 103 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of TopBuild by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock valued at $47,000 after purchasing an additional 73 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TopBuild in the second quarter valued at $63,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of TopBuild from $500.00 to $540.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. DA Davidson reaffirmed a “buy” rating and issued a $485.00 price target on shares of TopBuild in a research note on Wednesday, December 10th. Royal Bank Of Canada began coverage on shares of TopBuild in a research report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target on the stock. Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, January 14th. Finally, Jefferies Financial Group upped their target price on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $439.73.

Insider Buying and Selling

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were 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 is accessible through this link. Company insiders own 0.43% of the company’s stock.

TopBuild Stock Down 2.4%

NYSE:BLD opened at $481.76 on Wednesday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $509.36. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 8.15 and a beta of 1.68. The stock has a 50-day moving average price of $440.40 and a two-hundred day moving average price of $420.74.

TopBuild (NYSE:BLD) last released its quarterly 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 return on equity of 27.10% and a net margin of 10.84%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm posted $5.68 earnings per share. TopBuild’s revenue was up 1.4% compared to the same quarter last year. As a group, equities 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.