Locust Wood Capital Advisers LLC Makes New $620,000 Investment in TopBuild Corp. $BLD

Locust Wood Capital Advisers LLC bought a new stake in shares of TopBuild Corp. (NYSE:BLD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,585 shares of the construction company’s stock, valued at approximately $620,000.

Several other institutional investors also recently bought and sold shares of the business. MAI Capital Management boosted 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 buying an additional 26 shares in the last quarter. CWM LLC increased its stake in shares of TopBuild by 6.6% in the third quarter. CWM LLC now owns 419 shares of the construction company’s stock worth $164,000 after acquiring an additional 26 shares during the period. UMB Bank n.a. grew its position in TopBuild by 8.0% during the 2nd quarter. UMB Bank n.a. now owns 364 shares of the construction company’s stock worth $118,000 after purchasing an additional 27 shares during the period. Park Avenue Securities LLC lifted its holdings in TopBuild by 3.5% in the third quarter. Park Avenue Securities LLC now owns 979 shares of the construction company’s stock valued at $383,000 after acquiring an additional 33 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in TopBuild by 16.9% in the third quarter. TD Private Client Wealth LLC now owns 228 shares of the construction company’s stock valued at $89,000 after buying an additional 33 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analyst Ratings Changes

BLD has been the subject of a number of research reports. Royal Bank Of Canada started coverage on shares of TopBuild in a research note on Thursday, November 20th. They set a “sector perform” rating and a $410.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Evercore ISI dropped their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. Jefferies Financial Group upped their price target on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Finally, Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and a consensus price target of $439.73.

TopBuild Stock Up 2.2%

TopBuild stock opened at $493.21 on Thursday. The company has a market capitalization of $13.84 billion, a P/E ratio of 25.04, a PEG ratio of 7.97 and a beta of 1.68. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $509.36. The stock has a 50-day simple moving average of $441.48 and a 200-day simple moving average of $421.25.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. TopBuild’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.68 EPS. Equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

About TopBuild

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.