Motley Fool Asset Management LLC Invests $226,000 in TopBuild Corp. (NYSE:BLD)

Key Points

• Motley Fool Asset Management LLC acquired 740 shares of TopBuild Corp., valued at approximately $226,000, during the first quarter.
• Insider Jeff M. Krestancic sold 373 shares of TopBuild stock for about $154,795, reducing their ownership by 7.03%.
• Analysts have set a new consensus price target of $394.67 for TopBuild, with ratings ranging from "hold" to "strong buy" from different research firms.

Motley Fool Asset Management LLC purchased a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 740 shares of the construction company's stock, valued at approximately $226,000.

Several other hedge funds have also added to or reduced their stakes in the business. Snowden Capital Advisors LLC increased its position in shares of TopBuild by 2.5% during the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock worth $429,000 after acquiring an additional 33 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after buying an additional 48 shares in the last quarter. Seascape Capital Management lifted its stake in TopBuild by 0.7% in the 1st quarter. Seascape Capital Management now owns 7,989 shares of the construction company's stock worth $2,436,000 after purchasing an additional 52 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of TopBuild by 0.3% during the 4th quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock worth $5,678,000 after acquiring an additional 54 shares during the last quarter. Finally, Fortem Financial Group LLC raised its position in TopBuild by 1.2% in the 1st quarter. Fortem Financial Group LLC now owns 5,300 shares of the construction company's stock worth $1,616,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Performance

TopBuild stock traded down $4.21 during trading hours on Friday, reaching $432.68. 402,068 shares of the company were exchanged, compared to its average volume of 371,115. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $445.74. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 5.93 and a beta of 1.63. The stock has a 50-day moving average of $356.62 and a 200 day moving average of $321.21.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly 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. TopBuild had a return on equity of 28.32% and a net margin of 11.40%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm posted $5.42 earnings per share. TopBuild's revenue was down 5.0% compared to the same quarter last year. As a group, research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Transactions at TopBuild

In related news, insider Jeff M. Krestancic sold 373 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the transaction, the insider directly owned 4,934 shares in the company, valued at $2,047,610. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.19, for a total value 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. This represents a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,313 shares of company stock worth $5,118,903 in the last 90 days. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BLD has been the topic of a number of research reports. Evercore ISI lifted their target price on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Benchmark upped 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, August 6th. Finally, Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.