Truvestments Capital LLC Takes Position in TopBuild Corp. (NYSE:BLD)

Truvestments Capital LLC acquired a new stake in shares of TopBuild Corp. (NYSE:BLD) in the first quarter, HoldingsChannel reports. The institutional investor acquired 996 shares of the construction company’s stock, valued at approximately $439,000.

Other hedge funds also recently made changes to their positions in the company. Panagora Asset Management Inc. boosted 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 period. Nations Financial Group Inc. IA ADV boosted its stake in TopBuild by 1.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,655 shares of the construction company’s stock worth $729,000 after purchasing an additional 27 shares during the period. Harbor Investment Advisory LLC boosted its stake in TopBuild by 6.5% in the 4th quarter. Harbor Investment Advisory LLC now owns 458 shares of the construction company’s stock worth $171,000 after purchasing an additional 28 shares during the period. TFG Advisers LLC boosted its stake in TopBuild by 1.2% in the 1st quarter. TFG Advisers LLC now owns 2,830 shares of the construction company’s stock worth $1,247,000 after purchasing an additional 34 shares during the period. Finally, Greenleaf Trust boosted its position in shares of TopBuild by 4.1% during the 4th quarter. Greenleaf Trust now owns 1,133 shares of the construction company’s stock valued at $424,000 after acquiring an additional 45 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Up 4.8 %

BLD stock traded up $21.42 during midday trading on Friday, reaching $466.52. The company’s stock had a trading volume of 334,024 shares, compared to its average volume of 290,334. 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 fifty day simple moving average of $409.80 and a two-hundred day simple moving average of $404.24. TopBuild Corp. has a 1 year low of $217.08 and a 1 year high of $470.93. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.06 and a beta of 1.76.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm posted $4.36 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that TopBuild Corp. will post 21.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BLD shares. Benchmark increased their target price on TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Evercore ISI increased their target price on TopBuild from $529.00 to $555.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Stephens reiterated an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, July 16th. Finally, Jefferies Financial Group increased their price target on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and a consensus target price of $461.89.

Insiders Place Their Bets

In other news, CEO Robert M. Buck sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was 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 $29,041,097.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Nancy M. Taylor sold 300 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $415.81, for a total transaction of $124,743.00. Following the transaction, the director now owns 5,920 shares in the company, valued at $2,461,595.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert M. Buck sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 8,340 shares of company stock worth $3,407,994 over the last quarter. Company insiders own 0.46% of the company’s stock.

TopBuild Company 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.