Valmark Advisers Inc. Acquires New Stake in TopBuild Corp. (NYSE:BLD)

Valmark Advisers Inc. acquired a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,890 shares of the construction company's stock, valued at approximately $1,491,000.

Several other large investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its position in TopBuild by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock valued at $301,000 after purchasing an additional 48 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in TopBuild during the fourth quarter valued at about $1,450,000. Y Intercept Hong Kong Ltd raised its position in TopBuild by 124.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 2,279 shares of the construction company's stock valued at $710,000 after purchasing an additional 1,265 shares in the last quarter. IFP Advisors Inc raised its position in TopBuild by 8.8% during the fourth quarter. IFP Advisors Inc now owns 1,015 shares of the construction company's stock valued at $316,000 after purchasing an additional 82 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in TopBuild during the fourth quarter valued at about $5,913,000. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Up 2.9%

Shares of NYSE:BLD opened at $325.33 on Tuesday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The company has a market cap of $9.30 billion, a PE ratio of 16.46, a P/E/G ratio of 3.18 and a beta of 1.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The stock's 50-day moving average is $294.14 and its 200 day moving average is $310.00.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $4.81 EPS. TopBuild's revenue was down 3.6% compared to the same quarter last year. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analyst Weigh In

BLD has been the topic of several analyst reports. Wall Street Zen downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. DA Davidson decreased their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Finally, Benchmark decreased their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, TopBuild has an average rating of "Moderate Buy" and a consensus price target of $380.22.

Insider Activity at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the sale, the insider now directly owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.43% of the stock is owned by company insiders.

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.

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