Lisanti Capital Growth LLC Buys Shares of 2,335 TopBuild Corp. $BLD

Lisanti Capital Growth LLC acquired a new stake in TopBuild Corp. (NYSE:BLD) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,335 shares of the construction company’s stock, valued at approximately $913,000.

Several other hedge funds also recently bought and sold shares of the company. AlphaQuest LLC lifted its stake in TopBuild by 2,335.9% in the 3rd quarter. AlphaQuest LLC now owns 8,136 shares of the construction company’s stock worth $3,180,000 after purchasing an additional 7,802 shares in the last quarter. Ballentine Partners LLC purchased a new stake in shares of TopBuild in the third quarter worth $222,000. Federated Hermes Inc. boosted its stake 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 buying an additional 2,354 shares during the period. Truist Financial Corp grew 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 worth $1,474,000 after buying an additional 122 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in TopBuild by 0.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,724 shares of the construction company’s stock worth $1,457,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE:BLD opened at $467.70 on Friday. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. The stock has a market cap of $13.13 billion, a PE ratio of 23.74, a PEG ratio of 7.93 and a beta of 1.68. The company’s fifty day moving average is $450.76 and its 200 day moving average is $426.33. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $509.36.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.22 by $0.14. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $5.68 earnings per share. Research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Transactions at TopBuild

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of TopBuild stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total value 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. The trade was a 9.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Vertical Research began coverage on TopBuild in a research report on Tuesday, October 21st. They set a “buy” rating and a $517.96 price target for the company. Royal Bank Of Canada assumed coverage on shares of TopBuild in a research report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 target price for the company. Truist Financial increased their price target on shares of TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a report on Thursday, October 9th. Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company upped their target price on shares of TopBuild from $500.00 to $540.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $439.73.

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.