WCM Investment Management LLC Invests $17.73 Million in TopBuild Corp. $BLD

WCM Investment Management LLC purchased a new stake in TopBuild Corp. (NYSE:BLD) during the third quarter, according to its most recent filing with the SEC. The firm purchased 45,165 shares of the construction company’s stock, valued at approximately $17,734,000.

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

Analysts Set New Price Targets

A number of research firms have recently commented on BLD. Truist Financial raised their price target on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday, October 9th. DA Davidson reissued a “buy” rating and set a $485.00 target price on shares of TopBuild in a research note on Wednesday, December 10th. Evercore ISI dropped their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Benchmark upped their price target on shares of TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Royal Bank Of Canada assumed coverage on shares of TopBuild in a research report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average price target of $439.73.

Insider Transactions at TopBuild

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president owned 9,349 shares of the company’s stock, valued at $4,210,789.60. The trade was a 9.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.43% of the company’s stock.

TopBuild Stock Up 3.4%

TopBuild stock opened at $479.91 on Wednesday. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $509.36. The company has a fifty day simple moving average of $452.11 and a 200 day simple moving average of $428.88. The company has a market cap of $13.47 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 7.66 and a beta of 1.70.

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

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.