Algert Global LLC Boosts Stake in TopBuild Corp. (NYSE:BLD)

Algert Global LLC grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,414 shares of the construction company’s stock after buying an additional 764 shares during the quarter. Algert Global LLC’s holdings in TopBuild were worth $3,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BLD. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild during the 2nd quarter valued at $30,000. Allspring Global Investments Holdings LLC purchased a new position in TopBuild in the 1st quarter worth $31,000. Rise Advisors LLC purchased a new position in TopBuild in the 1st quarter worth $37,000. Headlands Technologies LLC purchased a new position in TopBuild in the 1st quarter worth $56,000. Finally, Newbridge Financial Services Group Inc. raised its position in TopBuild by 2,300.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company’s stock worth $99,000 after purchasing an additional 253 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 0.7 %

Shares of BLD opened at $406.37 on Tuesday. The firm’s 50-day moving average price is $399.77 and its 200-day moving average price is $407.01. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.53 and a beta of 1.77. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. TopBuild Corp. has a 1-year low of $217.08 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $5.25 EPS. Sell-side analysts anticipate that TopBuild Corp. will post 21.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BLD shares. Jefferies Financial Group lifted their target price on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Evercore ISI decreased their target price 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. Stephens decreased their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. DA Davidson decreased their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Truist Financial decreased their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $449.00.

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.