Paradigm Asset Management Co. LLC Makes New Investment in TopBuild Corp. $BLD

Paradigm Asset Management Co. LLC purchased a new position in TopBuild Corp. (NYSE:BLD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 300 shares of the construction company’s stock, valued at approximately $97,000.

Several other hedge funds have also recently modified their holdings of BLD. Penserra Capital Management LLC grew its holdings in shares of TopBuild by 7.7% during the second quarter. Penserra Capital Management LLC now owns 866 shares of the construction company’s stock valued at $280,000 after buying an additional 62 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of TopBuild by 6.2% in the second quarter. Bank of Montreal Can now owns 5,397 shares of the construction company’s stock valued at $1,747,000 after purchasing an additional 316 shares during the period. Simon Quick Advisors LLC raised its stake in shares of TopBuild by 51.9% in the second quarter. Simon Quick Advisors LLC now owns 1,296 shares of the construction company’s stock worth $420,000 after purchasing an additional 443 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of TopBuild by 8.9% during the second quarter. Assetmark Inc. now owns 17,901 shares of the construction company’s stock worth $5,795,000 after purchasing an additional 1,456 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in TopBuild by 224.1% in the second quarter. Hantz Financial Services Inc. now owns 2,324 shares of the construction company’s stock valued at $752,000 after buying an additional 1,607 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Robert M. Kuhns sold 1,350 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following the completion of the sale, the chief financial officer owned 14,283 shares in the company, valued at approximately $6,248,384.01. The trade was a 8.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.43% of the company’s stock.

TopBuild Stock Up 4.1%

TopBuild stock opened at $422.23 on Friday. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $461.49. The stock’s fifty day simple moving average is $419.85 and its 200-day simple moving average is $369.68. The company has a current ratio of 2.90, a quick ratio of 2.29 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $11.85 billion, a P/E ratio of 21.43, a P/E/G ratio of 4.51 and a beta of 1.64.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.14. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm posted $5.68 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. As a group, equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BLD shares. Benchmark raised their price target on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday. Truist Financial upped their price target on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. Vertical Research initiated coverage on TopBuild in a research note on Tuesday, October 21st. They set a “buy” rating and a $517.96 price objective for the company. UBS Group set a $370.00 price objective on shares of TopBuild and gave the stock a “hold” rating in a research note on Tuesday, August 5th. Finally, DA Davidson upped their price target on TopBuild from $465.00 to $485.00 and gave the stock a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $425.83.

TopBuild Company 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.