Trium Capital LLP Raises Position in TopBuild Corp. $BLD

Trium Capital LLP grew its stake in TopBuild Corp. (NYSE:BLD) by 79.6% during the third quarter, Holdings Channel reports. The firm owned 4,906 shares of the construction company’s stock after purchasing an additional 2,174 shares during the period. TopBuild makes up approximately 0.7% of Trium Capital LLP’s portfolio, making the stock its 17th largest position. Trium Capital LLP’s holdings in TopBuild were worth $1,918,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Westwood Holdings Group Inc. lifted its stake in TopBuild by 10.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 302,416 shares of the construction company’s stock valued at $97,904,000 after acquiring an additional 27,898 shares in the last quarter. Liontrust Investment Partners LLP raised its holdings in shares of TopBuild by 24.8% in the second quarter. Liontrust Investment Partners LLP now owns 376,396 shares of the construction company’s stock valued at $121,854,000 after purchasing an additional 74,695 shares during the last quarter. Boston Partners lifted its position in shares of TopBuild by 102.2% during the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock valued at $250,872,000 after purchasing an additional 391,299 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of TopBuild during the second quarter valued at about $189,000. Finally, Envestnet Asset Management Inc. boosted its holdings in TopBuild by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 35,036 shares of the construction company’s stock worth $11,342,000 after purchasing an additional 2,094 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BLD. Wells Fargo & Company initiated coverage on shares of TopBuild in a research note on Monday, November 17th. They issued an “overweight” rating and a $500.00 price objective for the company. Vertical Research assumed coverage on TopBuild in a research report on Tuesday, October 21st. They set a “buy” rating and a $517.96 price target for the company. Jefferies Financial Group boosted their price objective on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Royal Bank Of Canada initiated coverage on TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price objective for the company. Finally, Benchmark lifted their target price on TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and an average price target of $437.06.

TopBuild Price Performance

Shares of NYSE BLD opened at $428.13 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $432.38 and a two-hundred day simple moving average of $402.19. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $461.49. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 7.14 and a beta of 1.67.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.22 by $0.14. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $5.68 earnings per share. Analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Buying and Selling

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the transaction, 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 through this link. 0.43% of the stock is currently owned by company insiders.

TopBuild 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.