AEGON ASSET MANAGEMENT UK Plc Buys 66,601 Shares of TopBuild Corp. $BLD

AEGON ASSET MANAGEMENT UK Plc grew its stake in TopBuild Corp. (NYSE:BLD) by 244.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,870 shares of the construction company’s stock after buying an additional 66,601 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.33% of TopBuild worth $36,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BLD. Inscription Capital LLC boosted its stake in TopBuild by 104.6% during the third quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock worth $1,153,000 after acquiring an additional 1,508 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of TopBuild during the third quarter valued at about $997,000. Campbell & CO Investment Adviser LLC increased its position in shares of TopBuild by 697.8% during the third quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock worth $3,090,000 after acquiring an additional 6,915 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of TopBuild by 10.2% in the second quarter. Westwood Holdings Group Inc. now owns 302,416 shares of the construction company’s stock valued at $97,904,000 after purchasing an additional 27,898 shares in the last quarter. Finally, Liontrust Investment Partners LLP lifted its holdings in shares of TopBuild by 24.8% in the second quarter. Liontrust Investment Partners LLP now owns 376,396 shares of the construction company’s stock valued at $121,854,000 after purchasing an additional 74,695 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD opened at $487.99 on Monday. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $509.36. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. The stock has a market cap of $13.70 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 8.06 and a beta of 1.68. The firm’s 50-day simple moving average is $444.22 and its two-hundred day simple moving average is $423.51.

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of research analyst reports. Benchmark boosted their target price on TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Vertical Research initiated coverage on TopBuild in a report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price objective for the company. Wells Fargo & Company upped 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 set a $485.00 price objective on shares of TopBuild in a research note on Wednesday, December 10th. Finally, Truist Financial lifted 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. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $439.73.

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.