Cookson Peirce & Co. Inc. Makes New $9.54 Million Investment in TopBuild Corp. $BLD

Cookson Peirce & Co. Inc. purchased a new stake in TopBuild Corp. (NYSE:BLD) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 24,417 shares of the construction company’s stock, valued at approximately $9,544,000.

A number of other institutional investors have also recently modified their holdings of the business. Root Financial Partners LLC acquired a new position in TopBuild during the third quarter worth $34,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of TopBuild during the 2nd quarter worth $35,000. MAI Capital Management increased its holdings in shares of TopBuild by 28.3% in the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after purchasing an additional 103 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of TopBuild by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock valued at $47,000 after purchasing an additional 73 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Luis Francisco Machado sold 1,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the sale, the vice president owned 9,349 shares of the company’s stock, valued at $4,210,789.60. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Benchmark upped their target price on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada began coverage on TopBuild in a report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target on the stock. DA Davidson reaffirmed a “buy” rating and set a $485.00 price objective on shares of TopBuild in a report on Wednesday, December 10th. Jefferies Financial Group boosted their target price on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Vertical Research started coverage on TopBuild in a research report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $443.73.

TopBuild Price Performance

BLD stock opened at $538.23 on Friday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $555.85. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. The stock’s 50 day moving average price is $462.13 and its 200 day moving average price is $435.25. The firm has a market cap of $15.11 billion, a P/E ratio of 27.32, a PEG ratio of 8.93 and a beta of 1.70.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.