Aigen Investment Management LP Buys New Position in TopBuild Corp. (NYSE:BLD)

Key Points

• Aigen Investment Management LP has acquired a new stake in TopBuild Corp., buying 2,099 shares valued at approximately $640,000.
• TopBuild's latest quarterly earnings surpassed estimates, reporting $5.31 earnings per share against an expectation of $5.07, despite a 5.0% year-over-year revenue decline.
• Institutional investors own 95.67% of TopBuild's stock, with multiple funds recently adjusting their positions in the company.

Aigen Investment Management LP bought a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,099 shares of the construction company's stock, valued at approximately $640,000.

A number of other institutional investors have also recently made changes to their positions in BLD. T. Rowe Price Investment Management Inc. lifted its holdings in TopBuild by 779.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock valued at $188,098,000 after purchasing an additional 535,478 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in TopBuild in the fourth quarter worth about $80,844,000. Interval Partners LP purchased a new stake in shares of TopBuild during the fourth quarter valued at about $53,424,000. GAMMA Investing LLC raised its position in shares of TopBuild by 167,622.2% in the 1st quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock valued at $46,032,000 after purchasing an additional 150,860 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in TopBuild by 32.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company's stock worth $117,992,000 after buying an additional 94,389 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Price Performance

Shares of NYSE BLD traded down $5.23 during mid-day trading on Friday, hitting $431.67. 313,765 shares of the company's stock traded hands, compared to its average volume of 370,816. The company has a market capitalization of $12.15 billion, a P/E ratio of 21.25, a PEG ratio of 5.93 and a beta of 1.63. The company's 50-day moving average is $356.62 and its two-hundred day moving average is $321.21. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $445.74. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping analysts' consensus estimates of $5.07 by $0.24. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The company's quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.42 earnings per share. On average, equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insider Activity at TopBuild

In other news, CFO Robert M. Kuhns sold 2,000 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $416.10, for a total value of $832,200.00. Following the completion of the transaction, the chief financial officer directly owned 15,633 shares in the company, valued at approximately $6,504,891.30. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeff M. Krestancic sold 373 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the transaction, the insider owned 4,934 shares of the company's stock, valued at approximately $2,047,610. This trade represents a 7.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,313 shares of company stock valued at $5,118,903. Corporate insiders own 0.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BLD shares. Evercore ISI lifted their target price on shares of TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 6th. Seaport Res Ptn raised TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Stephens cut their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Bank of America increased 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. Finally, Benchmark boosted their price target on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and an average price target of $394.67.

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.