L2 Asset Management LLC Buys Shares of 6,130 TopBuild Corp. $BLD

L2 Asset Management LLC purchased a new position in TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,130 shares of the construction company’s stock, valued at approximately $2,557,000.

Other institutional investors also recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in shares of TopBuild in the 4th quarter worth approximately $26,000. Advisory Services Network LLC acquired a new stake in shares of TopBuild in the 3rd quarter worth approximately $27,000. Parallel Advisors LLC lifted its stake in shares of TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after acquiring an additional 25 shares during the period. Global Retirement Partners LLC lifted its stake in shares of TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after acquiring an additional 59 shares during the period. Finally, First Horizon Corp lifted its stake in shares of TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 50 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Up 0.2%

NYSE BLD opened at $412.05 on Tuesday. TopBuild Corp. has a 12 month low of $293.14 and a 12 month high of $559.47. The company’s 50 day simple moving average is $413.76 and its 200 day simple moving average is $433.14. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. The company has a market capitalization of $11.55 billion, a P/E ratio of 23.15, a PEG ratio of 5.54 and a beta of 1.80.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm earned $4.63 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Equities research analysts expect that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLD has been the subject of a number of research analyst reports. UBS Group set a $440.00 price target on shares of TopBuild in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Wells Fargo & Company dropped their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Finally, Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $466.77.

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.