TopBuild Corp. $BLD Stake Raised by AlphaQuest LLC

AlphaQuest LLC increased its holdings in TopBuild Corp. (NYSE:BLD) by 2,335.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,136 shares of the construction company’s stock after buying an additional 7,802 shares during the quarter. AlphaQuest LLC’s holdings in TopBuild were worth $3,180,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in shares of TopBuild during the third quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of TopBuild in the 2nd quarter worth approximately $35,000. MAI Capital Management boosted its holdings in shares of TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after acquiring an additional 103 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

BLD stock opened at $479.87 on Friday. The firm has a 50-day moving average of $450.02 and a two-hundred day moving average of $425.69. The firm has a market capitalization of $13.47 billion, a PE ratio of 24.36, a P/E/G ratio of 7.96 and a beta of 1.68. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a one year low of $266.26 and a one year high of $509.36.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS 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 during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $5.68 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Activity

In related 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BLD has been the subject of a number of research reports. Evercore ISI decreased their price target on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Benchmark upped their price objective on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Jefferies Financial Group raised their target price on TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Truist Financial boosted their price target on shares of TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday, October 9th. Finally, Vertical Research initiated coverage on shares of TopBuild in a report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $439.73.

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.