True Vision MN LLC Purchases Shares of 1,302 TopBuild Corp. $BLD

True Vision MN LLC acquired a new position in TopBuild Corp. (NYSE:BLD) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,302 shares of the construction company’s stock, valued at approximately $457,000.

A number of other large investors have also recently made changes to their positions in BLD. Fortem Financial Group LLC increased its holdings in TopBuild by 4.7% in the 1st quarter. Fortem Financial Group LLC now owns 6,000 shares of the construction company’s stock worth $2,108,000 after acquiring an additional 269 shares in the last quarter. McClarren Financial Advisors Inc. lifted its holdings in TopBuild by 137.2% during the first quarter. McClarren Financial Advisors Inc. now owns 989 shares of the construction company’s stock valued at $347,000 after purchasing an additional 572 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in TopBuild by 6.0% during the fourth quarter. Hsbc Holdings PLC now owns 2,302 shares of the construction company’s stock valued at $961,000 after purchasing an additional 130 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in TopBuild by 7.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 12,237 shares of the construction company’s stock valued at $5,105,000 after purchasing an additional 855 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of TopBuild by 9.2% in the fourth quarter. Corient Private Wealth LLC now owns 8,305 shares of the construction company’s stock worth $3,465,000 after purchasing an additional 702 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Down 0.2%

BLD stock opened at $425.72 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. TopBuild Corp. has a 1-year low of $300.27 and a 1-year high of $559.47. The business has a 50 day simple moving average of $418.29 and a two-hundred day simple moving average of $432.19. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 5.75 and a beta of 1.80.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business posted $4.63 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Research analysts anticipate that TopBuild Corp. will post 18.16 EPS for the current fiscal year.

Analysts Set New Price Targets

BLD has been the subject of a number of analyst reports. Royal Bank Of Canada increased their price objective on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. DA Davidson reaffirmed a “neutral” rating and issued a $437.00 target price (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $496.00 price target (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Finally, Benchmark decreased their price target on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $466.77.

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.