Tributary Capital Management LLC Acquires 1,566 Shares of TopBuild Corp. $BLD

Tributary Capital Management LLC raised its holdings in TopBuild Corp. (NYSE:BLD) by 63.9% in the third quarter, Holdings Channel.com reports. The fund owned 4,016 shares of the construction company’s stock after acquiring an additional 1,566 shares during the quarter. Tributary Capital Management LLC’s holdings in TopBuild were worth $1,570,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BLD. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of TopBuild in the 2nd quarter valued at $35,000. MAI Capital Management increased its position in TopBuild by 28.3% during the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after buying an additional 26 shares during the last quarter. SJS Investment Consulting Inc. increased its position in TopBuild by 3,433.3% during the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock worth $41,000 after buying an additional 103 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in TopBuild by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock valued at $47,000 after buying an additional 73 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TopBuild in the second quarter worth about $63,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the topic of a number of analyst reports. Benchmark increased their price objective on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Truist Financial upped their target price on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday, October 9th. Vertical Research initiated coverage on shares of TopBuild in a research report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target on the stock. DA Davidson restated a “buy” rating and issued a $485.00 price objective on shares of TopBuild in a research note on Wednesday, December 10th. Finally, Evercore ISI decreased their price objective on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $437.06.

Insider Activity at TopBuild

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the firm’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 value of $450,400.00. Following the completion of the sale, the vice president owned 9,349 shares in the company, valued at approximately $4,210,789.60. This trade represents a 9.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company’s stock.

TopBuild Stock Performance

NYSE BLD opened at $422.11 on Thursday. The company’s fifty day moving average is $429.60 and its two-hundred day moving average is $410.83. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $461.49. 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 $11.85 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 7.35 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.

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.