Captrust Financial Advisors Acquires 202 Shares of TopBuild Corp. (NYSE:BLD)

Captrust Financial Advisors raised its holdings in TopBuild Corp. (NYSE:BLD) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,297 shares of the construction company’s stock after acquiring an additional 202 shares during the period. Captrust Financial Advisors’ holdings in TopBuild were worth $715,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in shares of TopBuild by 203.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 17,538 shares of the construction company’s stock valued at $5,460,000 after purchasing an additional 11,760 shares during the last quarter. Park Avenue Securities LLC boosted its position in TopBuild by 22.8% in the fourth quarter. Park Avenue Securities LLC now owns 1,070 shares of the construction company’s stock valued at $333,000 after buying an additional 199 shares in the last quarter. Burney Co. acquired a new position in shares of TopBuild during the fourth quarter worth $249,000. Trium Capital LLP lifted its stake in shares of TopBuild by 96.1% in the 4th quarter. Trium Capital LLP now owns 3,763 shares of the construction company’s stock valued at $1,172,000 after acquiring an additional 1,844 shares during the last quarter. Finally, Trust Co. of Vermont boosted its holdings in shares of TopBuild by 21.8% during the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company’s stock valued at $96,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price for the company. Stephens lowered their price objective on TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. Benchmark cut their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Truist Financial reduced their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, DA Davidson dropped their price target on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $380.22.

Insider Transactions at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now owns 7,007 shares in the company, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.43% of the company’s stock.

TopBuild Price Performance

BLD stock opened at $304.11 on Friday. The company has a fifty day moving average price of $296.72 and a 200-day moving average price of $324.40. The company has a market capitalization of $8.69 billion, a P/E ratio of 15.34, a PEG ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.81 EPS. As a group, equities analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

TopBuild Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.