TopBuild Corp. $BLD Position Increased by AlphaQuest LLC

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

Several other hedge funds also recently bought and sold shares of BLD. Ballentine Partners LLC acquired a new stake in shares of TopBuild during the 3rd quarter valued at about $222,000. Federated Hermes Inc. raised its position in TopBuild by 34.8% during the third quarter. Federated Hermes Inc. now owns 9,113 shares of the construction company’s stock valued at $3,562,000 after acquiring an additional 2,354 shares in the last quarter. Truist Financial Corp raised its position in TopBuild by 3.3% during the third quarter. Truist Financial Corp now owns 3,771 shares of the construction company’s stock valued at $1,474,000 after acquiring an additional 122 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in TopBuild by 0.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,724 shares of the construction company’s stock valued at $1,457,000 after acquiring an additional 31 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its position in TopBuild by 244.2% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 93,870 shares of the construction company’s stock worth $36,698,000 after acquiring an additional 66,601 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction that occurred 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 directly owned 9,349 shares in the company, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BLD. Vertical Research assumed coverage on shares of TopBuild in a report on Tuesday, October 21st. They set a “buy” rating and a $517.96 price target on the stock. The Goldman Sachs Group increased their target price on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Truist Financial raised their target price on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, January 14th. Finally, Evercore ISI lowered their price objective on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $439.73.

TopBuild Stock Performance

NYSE BLD opened at $479.87 on Friday. The company’s fifty day moving average is $450.02 and its two-hundred day moving average is $425.69. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $509.36. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 7.96 and a beta of 1.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share 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 analysts’ expectations of $1.38 billion. During the same quarter last year, the company earned $5.68 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

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.