Caprock Group LLC Acquires Shares of 4,341 TopBuild Corp. $BLD

Caprock Group LLC bought a new position in shares of TopBuild Corp. (NYSE:BLD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,341 shares of the construction company’s stock, valued at approximately $1,827,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in TopBuild during the 3rd quarter worth approximately $34,000. SJS Investment Consulting Inc. increased its position in 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 buying an additional 103 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of TopBuild during the second quarter worth $35,000. MAI Capital Management boosted its position 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 during the period. Finally, Bessemer Group Inc. grew its stake in shares of TopBuild by 31.7% in the third quarter. Bessemer Group Inc. now owns 133 shares of the construction company’s stock valued at $52,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $450,400.00. Following the sale, the vice president owned 9,349 shares of the company’s stock, valued at $4,210,789.60. This trade 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. 0.43% of the stock is currently owned by insiders.

TopBuild Price Performance

TopBuild stock opened at $550.81 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $555.85. The stock has a market capitalization of $15.46 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 8.82 and a beta of 1.70. The stock has a fifty day moving average of $464.40 and a 200-day moving average of $436.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BLD. DA Davidson reaffirmed a “buy” rating and set a $485.00 target price on shares of TopBuild in a report on Wednesday, December 10th. Wells Fargo & Company increased their price target on TopBuild from $540.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday. Evercore dropped their price objective on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. Weiss Ratings upgraded TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, Vertical Research assumed coverage on TopBuild in a report on Tuesday, October 21st. They set a “buy” rating and a $517.96 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $443.73.

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.