Alps Advisors Inc. Purchases New Position in TopBuild Corp. $BLD

Alps Advisors Inc. acquired a new stake in TopBuild Corp. (NYSE:BLD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,090 shares of the construction company’s stock, valued at approximately $426,000.

Several other hedge funds also recently made changes to their positions in BLD. Boston Partners grew its stake in TopBuild by 102.2% during the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after buying an additional 391,299 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of TopBuild by 7,961.7% in the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after acquiring an additional 390,838 shares during the period. Norges Bank purchased a new position in shares of TopBuild during the second quarter worth approximately $110,238,000. Nordea Investment Management AB increased its holdings in shares of TopBuild by 228.6% in the 3rd quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock valued at $107,873,000 after acquiring an additional 193,969 shares during the period. Finally, Bank of America Corp DE raised its position in TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after purchasing an additional 109,572 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Up 2.5%

TopBuild stock opened at $550.81 on Friday. The stock’s 50 day moving average price is $464.40 and its 200 day moving average price is $436.77. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $555.85. The company has a market cap of $15.46 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 9.04 and a beta of 1.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45.

Insider Activity at TopBuild

In other news, VP Luis Francisco Machado sold 1,000 shares of the company’s stock in a transaction 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 transaction, the vice president directly owned 9,349 shares of the company’s stock, valued at $4,210,789.60. This represents a 9.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BLD shares. Wells Fargo & Company raised their price objective on shares of TopBuild from $540.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday. Evercore lowered their price target on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report 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 research note on Wednesday, November 5th. Jefferies Financial Group lifted 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. Finally, DA Davidson restated a “buy” rating and set a $485.00 price target on shares of TopBuild in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.