Petra Financial Advisors Inc. Purchases Shares of 1,581 TopBuild Corp. $BLD

Petra Financial Advisors Inc. acquired a new stake in shares of TopBuild Corp. (NYSE:BLD) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,581 shares of the construction company’s stock, valued at approximately $618,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of TopBuild in the third quarter valued at $34,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in TopBuild in the second quarter valued at about $35,000. MAI Capital Management raised its position in TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after purchasing an additional 26 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in TopBuild by 3,433.3% during the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock worth $41,000 after purchasing an additional 103 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in TopBuild by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Transactions at TopBuild

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the transaction, the vice president directly owned 9,349 shares in the company, valued at approximately $4,210,789.60. This represents a 9.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BLD. Royal Bank Of Canada initiated coverage on TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target on the stock. Evercore reduced their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Benchmark raised their price objective on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wells Fargo & Company increased their price target on TopBuild from $540.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, DA Davidson reiterated a “buy” rating and issued a $485.00 price objective on shares of TopBuild in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $443.73.

TopBuild Stock Up 2.5%

NYSE:BLD opened at $550.81 on Monday. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 9.04 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. The stock’s fifty day moving average price is $464.40 and its two-hundred day moving average price is $437.20. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $555.85.

TopBuild 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.