Boston Common Asset Management LLC Buys 12,551 Shares of TopBuild Corp. $BLD

Boston Common Asset Management LLC grew its position in TopBuild Corp. (NYSE:BLD) by 76.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 28,968 shares of the construction company’s stock after acquiring an additional 12,551 shares during the period. Boston Common Asset Management LLC owned 0.10% of TopBuild worth $11,322,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Inscription Capital LLC raised its position in TopBuild by 104.6% in the third quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock valued at $1,153,000 after purchasing an additional 1,508 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of TopBuild in the third quarter valued at approximately $34,000. Arkadios Wealth Advisors raised its holdings in TopBuild by 3.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,454 shares of the construction company’s stock valued at $959,000 after buying an additional 78 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in TopBuild by 11.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,616 shares of the construction company’s stock worth $640,000 after buying an additional 168 shares during the period. Finally, Inspire Advisors LLC acquired a new stake in TopBuild during the 3rd quarter worth approximately $540,000. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BLD shares. Royal Bank Of Canada started coverage on shares of TopBuild in a research note on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price target for the company. Jefferies Financial Group raised their target price on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Truist Financial upped their price target on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research report on Thursday, October 9th. Wells Fargo & Company upped their price objective 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. Finally, Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $439.73.

TopBuild Price Performance

Shares of BLD opened at $493.21 on Thursday. The stock has a market cap of $13.84 billion, a P/E ratio of 25.04, a P/E/G ratio of 7.97 and a beta of 1.68. The business’s fifty day moving average is $441.48 and its 200 day moving average is $421.25. 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 12-month low of $266.26 and a 12-month high of $509.36.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.68 EPS. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Transactions at TopBuild

In other 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 sale, the vice president owned 9,349 shares in the company, valued at $4,210,789.60. This represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.43% of the company’s stock.

TopBuild Company 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.