Alps Advisors Inc. Invests $426,000 in TopBuild Corp. $BLD

Alps Advisors Inc. acquired a new position in TopBuild Corp. (NYSE:BLD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,090 shares of the construction company’s stock, valued at approximately $426,000.

Other hedge funds have also made changes to their positions in the company. Renaissance Group LLC increased its stake in shares of TopBuild by 9.4% in the 3rd quarter. Renaissance Group LLC now owns 18,507 shares of the construction company’s stock worth $7,234,000 after acquiring an additional 1,584 shares during the last quarter. Ranger Investment Management L.P. increased its position in TopBuild by 107.7% during the third quarter. Ranger Investment Management L.P. now owns 64,030 shares of the construction company’s stock worth $25,027,000 after purchasing an additional 33,198 shares during the last quarter. Bessemer Group Inc. increased its position in TopBuild by 31.7% during the third quarter. Bessemer Group Inc. now owns 133 shares of the construction company’s stock worth $52,000 after purchasing an additional 32 shares during the last quarter. Savant Capital LLC raised its stake in TopBuild by 7.8% during the third quarter. Savant Capital LLC now owns 914 shares of the construction company’s stock worth $357,000 after purchasing an additional 66 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in TopBuild by 1.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,369 shares of the construction company’s stock valued at $926,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Up 2.5%

Shares of NYSE:BLD opened at $550.81 on Friday. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $555.85. The firm’s 50 day moving average price is $464.40 and its 200 day moving average price is $436.77. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 9.04 and a beta of 1.70.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BLD shares. Royal Bank Of Canada began coverage on TopBuild in a research report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price objective for the company. Evercore dropped their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research report on Wednesday, November 5th. Wells Fargo & Company boosted their price target on shares of TopBuild from $540.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings raised shares of TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, DA Davidson reiterated a “buy” rating and issued a $485.00 target price on shares of TopBuild in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average price target of $443.73.

Insider Transactions at TopBuild

In other news, VP Luis Francisco Machado sold 1,000 shares of the company’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 completion of the transaction, the vice president directly owned 9,349 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 0.43% of the stock is owned by company insiders.

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.