Locust Wood Capital Advisers LLC Makes New Investment in TopBuild Corp. (NYSE:BLD)

Key Points

• Locust Wood Capital Advisers LLC purchased 2,605 shares of TopBuild Corp. (NYSE:BLD) valued at approximately $794,000, making it the 29th largest holding in their investment portfolio.
• Major institutional investors, including T. Rowe Price and Capital Research, have significantly increased their stakes in TopBuild, with T. Rowe Price boosting its investment by 779.7% in the last quarter.
• TopBuild reported earnings of $5.31 per share, exceeding analyst expectations, despite a 5% decrease in revenue compared to the same quarter last year.

Locust Wood Capital Advisers LLC acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,605 shares of the construction company's stock, valued at approximately $794,000. TopBuild comprises about 0.0% of Locust Wood Capital Advisers LLC's portfolio, making the stock its 29th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. raised its stake in TopBuild by 11.5% during the first quarter. Citigroup Inc. now owns 40,254 shares of the construction company's stock worth $12,275,000 after acquiring an additional 4,141 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of TopBuild by 8.4% during the 1st quarter. Deutsche Bank AG now owns 130,611 shares of the construction company's stock valued at $39,830,000 after purchasing an additional 10,097 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in TopBuild by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 262,487 shares of the construction company's stock valued at $80,045,000 after purchasing an additional 10,899 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of TopBuild by 5.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 274,518 shares of the construction company's stock valued at $83,714,000 after acquiring an additional 14,852 shares during the last quarter. Finally, McClarren Financial Advisors Inc. raised its position in TopBuild by 18.9% in the first quarter. McClarren Financial Advisors Inc. now owns 1,473 shares of the construction company's stock valued at $449,000 after purchasing an additional 234 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TopBuild news, CEO Robert M. Buck sold 7,350 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the sale, the chief executive officer owned 73,225 shares of the company's stock, valued at $30,402,287.75. The trade was a 9.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeff M. Krestancic sold 373 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the transaction, the insider directly owned 4,934 shares of the company's stock, valued at $2,047,610. The trade was a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,051 shares of company stock worth $5,659,387 in the last three months. Insiders own 0.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a report on Wednesday. Benchmark increased their target price on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research note on Wednesday. Bank of America raised their price objective on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. UBS Group set a $370.00 target price on shares of TopBuild and gave the stock a "hold" rating in a report on Tuesday, August 5th. Finally, Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $394.67.

TopBuild Stock Performance

Shares of BLD stock traded up $1.68 on Friday, hitting $414.85. 401,127 shares of the stock were exchanged, compared to its average volume of 426,265. The firm's 50 day moving average is $345.24 and its two-hundred day moving average is $318.81. TopBuild Corp. has a one year low of $266.26 and a one year high of $421.11. The firm has a market capitalization of $11.67 billion, a PE ratio of 20.43, a P/E/G ratio of 5.55 and a beta of 1.63. The company has a current ratio of 2.83, a quick ratio of 1.47 and a debt-to-equity ratio of 0.86.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.07 by $0.24. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The company's revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.42 earnings per share. Sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

TopBuild Company 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.