Renaissance Group LLC Increases Holdings in TopBuild Corp. $BLD

Renaissance Group LLC raised its holdings in shares of TopBuild Corp. (NYSE:BLD) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,507 shares of the construction company’s stock after acquiring an additional 1,584 shares during the quarter. Renaissance Group LLC’s holdings in TopBuild were worth $7,234,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Inscription Capital LLC lifted its holdings in shares of TopBuild by 104.6% in the 3rd quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock valued at $1,153,000 after purchasing an additional 1,508 shares during the last quarter. Calamos Advisors LLC purchased a new position in TopBuild during the 3rd quarter worth approximately $997,000. Campbell & CO Investment Adviser LLC increased its position in TopBuild by 697.8% during the third quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock worth $3,090,000 after buying an additional 6,915 shares during the period. WCM Investment Management LLC purchased a new stake in TopBuild in the third quarter valued at approximately $17,734,000. Finally, Westwood Holdings Group Inc. lifted its stake in TopBuild by 10.2% in the second quarter. Westwood Holdings Group Inc. now owns 302,416 shares of the construction company’s stock valued at $97,904,000 after buying an additional 27,898 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD opened at $517.35 on Friday. The stock has a market capitalization of $14.52 billion, a P/E ratio of 26.26, a P/E/G ratio of 8.10 and a beta of 1.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $521.10. The company’s fifty day moving average is $454.98 and its two-hundred day moving average is $430.92.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.14. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm earned $5.68 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Buying and Selling

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of TopBuild stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total value of $450,400.00. Following the sale, the vice president owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Benchmark raised their target price on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Evercore decreased their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings upgraded shares of TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. DA Davidson reaffirmed a “buy” rating and issued a $485.00 target price on shares of TopBuild in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada began coverage on shares of TopBuild in a research note on Thursday, November 20th. They set a “sector perform” rating and a $410.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus target price of $439.73.

TopBuild Company 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.