HighPoint Advisor Group LLC Invests $636,000 in TopBuild Corp. (NYSE:BLD)

HighPoint Advisor Group LLC acquired a new position in shares of TopBuild Corp. (NYSE:BLD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,700 shares of the construction company’s stock, valued at approximately $636,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BLD. HighTower Advisors LLC boosted its position in shares of TopBuild by 58.7% during the third quarter. HighTower Advisors LLC now owns 1,860 shares of the construction company’s stock worth $479,000 after buying an additional 688 shares during the period. UBS Group AG lifted its position in TopBuild by 2.4% in the third quarter. UBS Group AG now owns 16,612 shares of the construction company’s stock worth $4,180,000 after purchasing an additional 382 shares during the period. Blair William & Co. IL acquired a new stake in TopBuild in the third quarter worth approximately $419,000. QRG Capital Management Inc. acquired a new stake in TopBuild in the third quarter worth approximately $324,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in TopBuild in the third quarter worth approximately $763,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BLD shares. Benchmark upped their target price on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Stephens restated an “equal weight” rating and issued a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. Evercore ISI upped their target price on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Bank of America upped their price target on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $420.90.

Insider Buying and Selling at TopBuild

In other news, CFO Robert M. Kuhns sold 540 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $406.53, for a total transaction of $219,526.20. Following the transaction, the chief financial officer now directly owns 15,928 shares in the company, valued at approximately $6,475,209.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Robert M. Buck sold 5,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the transaction, the chief executive officer now directly owns 71,968 shares in the company, valued at approximately $29,054,920.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert M. Kuhns sold 540 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $406.53, for a total transaction of $219,526.20. Following the transaction, the chief financial officer now owns 15,928 shares in the company, valued at $6,475,209.84. The disclosure for this sale can be found here. Insiders have sold a total of 8,340 shares of company stock valued at $3,407,994 in the last three months. 0.39% of the stock is currently owned by company insiders.

TopBuild Price Performance

Shares of NYSE:BLD opened at $410.89 on Wednesday. The company’s fifty day moving average is $406.42 and its two-hundred day moving average is $393.38. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $452.87. The company has a market cap of $13.07 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.75.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.25. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $4.36 EPS. The company’s revenue was up 1.1% on a year-over-year basis. Equities analysts expect that TopBuild Corp. will post 21.63 earnings per share for the current fiscal year.

TopBuild Profile

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.