FM Investments LLC acquires a new stake in TopBuild Corp. (NYSE:BLD)

FM Investments LLC bought a new position in TopBuild Corp. (NYSE:BLD – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 719 shares of the construction company’s stock, valued at approximately $277,000.

Other hedge funds have recently made changes to their positions in the company. Assenagon Asset Management SA boosted its holdings in shares of TopBuild by 0.4% in the second quarter. Assenagon Asset Management SA now owns 6,176 shares of the construction company’s stock worth $2,379,000 after acquiring an additional 23 shares during the period. Panagora Asset Management Inc. raised its stake in TopBuild by 2.4% in the 4th quarter. Panagora Asset Management Inc. now owns 1,102 shares of the construction company’s stock worth $412,000 after purchasing an additional 26 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of TopBuild by 1.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 1,655 shares of the construction company’s stock valued at $729,000 after acquiring an additional 27 shares during the last quarter. Andina Capital Management LLC boosted its position in shares of TopBuild by 3.2% in the second quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock valued at $335,000 after acquiring an additional 27 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after purchasing an additional 31 shares during the last quarter. 95.67% of shares are currently owned by institutional investors.

TopBuild stock performance

Shares of BLD stock opened at $393.02 on Friday. The company has a market cap of $12.51 billion, a P/E ratio of 19.81, a PEG ratio of 2.10 and a beta of 1.76. TopBuild Corp. it has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33, and a current ratio of 2.81. The stock has a 50 day moving average price of $407.19 and a two hundred day moving average price of $408.83.

TopBuild (NYSE:BLD – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. In the same quarter last year, the company earned $5.25 per share. Analysts expect TopBuild Corp. to post 21.63 earnings per share for the current year.

Insider trading at TopBuild

In related news, CEO Robert M. Buck sold 2,500 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the transaction, the chief executive officer now owns 69,468 shares in the company, valued at approximately $29,041,097.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. 0.46% of shares are currently owned by company insiders.

The Wall Street analyst weighs in

A number of equities analysts have recently commented on BLD shares. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Benchmark raised their target price on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. DA Davidson cut their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Truist Financial dropped their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group boosted their price target on shares of TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $449.00, based on data from MarketBeat.com.

Read the latest research report on TopBuild

TopBuild Company Profile

(Free report)

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. Offers insulation products and accessories, glass and windows, gutters, garage doors, fireplaces, roofing materials, cabinet shelving and more.

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