Locust Wood Capital Advisers LLC Makes New $620,000 Investment in TopBuild Corp. $BLD

Locust Wood Capital Advisers LLC purchased a new position in shares of TopBuild Corp. (NYSE:BLD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,585 shares of the construction company’s stock, valued at approximately $620,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Root Financial Partners LLC acquired a new stake in TopBuild during the third quarter worth approximately $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of TopBuild during the 2nd quarter worth $35,000. MAI Capital Management grew 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 purchasing an additional 26 shares during the period. SJS Investment Consulting Inc. increased its stake in TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after purchasing an additional 103 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in TopBuild by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock valued at $47,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BLD shares. Evercore ISI decreased their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, January 14th. Benchmark increased their target price on TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wells Fargo & Company boosted their price objective on TopBuild from $500.00 to $540.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, DA Davidson restated a “buy” rating and issued a $485.00 target price on shares of TopBuild in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $439.73.

Insider Buying and Selling at TopBuild

In other news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

TopBuild Trading Up 2.2%

TopBuild stock opened at $493.21 on Thursday. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $509.36. The company’s fifty day simple moving average is $441.48 and its 200-day simple moving average is $421.25. The stock has a market cap of $13.84 billion, a P/E ratio of 25.04, a P/E/G ratio of 7.97 and a beta of 1.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.22 by $0.14. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $5.68 EPS. As a group, sell-side analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild Company 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.