Lecap Asset Management Ltd. Takes Position in TopBuild Corp. (NYSE:BLD)

Lecap Asset Management Ltd. acquired a new position in TopBuild Corp. (NYSE:BLD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,184 shares of the construction company’s stock, valued at approximately $841,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in TopBuild in the 4th quarter worth approximately $154,983,000. Axiom Investors LLC DE acquired a new stake in shares of TopBuild in the fourth quarter valued at about $87,451,000. Capital International Investors raised its stake in shares of TopBuild by 14.0% during the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock valued at $605,200,000 after purchasing an additional 198,614 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after buying an additional 130,563 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of TopBuild by 268.8% in the fourth quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company’s stock worth $27,703,000 after acquiring an additional 53,950 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the topic of a number of recent analyst reports. Jefferies Financial Group upped their target price on shares of TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. DA Davidson reduced their target price on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Stephens dropped their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Benchmark lifted their price target on TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Truist Financial decreased their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $449.00.

Insider Transactions at TopBuild

In related news, CEO Robert M. Buck sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total value of $1,045,125.00. Following the completion of the sale, the chief executive officer now owns 69,468 shares of the company’s stock, valued at approximately $29,041,097.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Nancy M. Taylor sold 300 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $415.81, for a total value of $124,743.00. Following the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert M. Buck sold 2,500 shares of TopBuild stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the completion of the transaction, the chief executive officer now directly owns 69,468 shares in the company, valued at approximately $29,041,097.40. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

TopBuild Stock Up 3.5 %

BLD stock traded up $13.01 during midday trading on Wednesday, reaching $390.03. The company had a trading volume of 240,523 shares, compared to its average volume of 291,536. The company has a 50 day moving average of $409.50 and a two-hundred day moving average of $408.59. The company has a market capitalization of $12.41 billion, a P/E ratio of 19.56, a PEG ratio of 2.10 and a beta of 1.76. TopBuild Corp. has a 1 year low of $217.08 and a 1 year high of $495.68. The company has a current ratio of 2.81, a quick ratio of 2.33 and a debt-to-equity ratio of 0.50.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $5.25 earnings per share. On average, equities research analysts expect that TopBuild Corp. will post 21.63 earnings per share for the current fiscal year.

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.