Fortem Financial Group LLC Buys 100 Shares of TopBuild Corp. (NYSE:BLD)

Fortem Financial Group LLC raised its position in TopBuild Corp. (NYSE:BLD) by 11.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 950 shares of the construction company’s stock after purchasing an additional 100 shares during the period. Fortem Financial Group LLC’s holdings in TopBuild were worth $366,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in TopBuild by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after buying an additional 15,965 shares during the last quarter. Capital International Investors grew its position in TopBuild by 14.0% during the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock worth $605,200,000 after buying an additional 198,614 shares in the last quarter. Norges Bank bought a new position in shares of TopBuild in the fourth quarter worth approximately $154,983,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock valued at $140,993,000 after buying an additional 130,563 shares in the last quarter. Finally, Liontrust Investment Partners LLP raised its position in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after purchasing an additional 57,880 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BLD. Benchmark upped their price objective on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Evercore ISI reduced their price target on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Jefferies Financial Group boosted their price objective on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Stephens cut their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and an average target price of $449.00.

TopBuild Trading Down 5.6 %

BLD opened at $371.09 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The stock’s 50 day moving average price is $407.05 and its 200-day moving average price is $408.99. TopBuild Corp. has a one year low of $217.08 and a one year high of $495.68. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 2.44 and a beta of 1.76.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm earned $5.25 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts forecast that TopBuild Corp. will post 21.2 EPS for the current year.

Insider Activity

In related news, 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 transaction of $1,045,125.00. Following the completion of the transaction, the chief executive officer now owns 69,468 shares of the company’s stock, valued at $29,041,097.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

About TopBuild

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.