L2 Asset Management LLC Invests $2.56 Million in TopBuild Corp. $BLD

L2 Asset Management LLC bought a new position in TopBuild Corp. (NYSE:BLD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,130 shares of the construction company’s stock, valued at approximately $2,557,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Core Wealth Advisors LLC bought a new stake in shares of TopBuild in the 4th quarter worth about $26,000. Advisory Services Network LLC bought a new stake in shares of TopBuild in the 3rd quarter worth about $27,000. Parallel Advisors LLC increased its position in shares of TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after purchasing an additional 25 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after purchasing an additional 59 shares during the last quarter. Finally, First Horizon Corp increased its position in shares of TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 0.2%

NYSE BLD opened at $412.05 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The company has a 50-day simple moving average of $413.76 and a 200-day simple moving average of $433.14. The firm has a market capitalization of $11.55 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 5.54 and a beta of 1.80. TopBuild Corp. has a one year low of $293.14 and a one year high of $559.47.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.11. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. TopBuild’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.63 EPS. On average, equities analysts forecast that TopBuild Corp. will post 18.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a report on Wednesday, May 6th. UBS Group set a $440.00 price target on shares of TopBuild in a report on Wednesday, May 6th. Wells Fargo & Company decreased their price target on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $496.00 price target (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of “Hold” and a consensus target price of $466.77.

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.