Seven Eight Capital LP Purchases Shares of 1,574 TopBuild Corp. (NYSE:BLD)

Seven Eight Capital LP purchased a new stake in shares of TopBuild Corp. (NYSE:BLD) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,574 shares of the construction company’s stock, valued at approximately $694,000.

A number of other large investors have also added to or reduced their stakes in BLD. Wellington Management Group LLP increased its holdings in shares of TopBuild by 71.0% in the third quarter. Wellington Management Group LLP now owns 15,361 shares of the construction company’s stock worth $3,865,000 after buying an additional 6,376 shares during the period. Nordea Investment Management AB purchased a new position in shares of TopBuild in the fourth quarter worth about $222,000. Raymond James & Associates increased its holdings in shares of TopBuild by 15.3% in the fourth quarter. Raymond James & Associates now owns 21,019 shares of the construction company’s stock worth $7,867,000 after buying an additional 2,794 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of TopBuild by 83.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,005 shares of the construction company’s stock worth $750,000 after buying an additional 912 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of TopBuild by 74.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,277 shares of the construction company’s stock worth $2,349,000 after buying an additional 2,677 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert M. Buck sold 5,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the transaction, the chief executive officer now owns 71,968 shares of the company’s stock, valued at approximately $29,054,920.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other TopBuild news, CEO Robert M. Buck sold 5,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the completion of the transaction, the chief executive officer now owns 71,968 shares of the company’s stock, valued at approximately $29,054,920.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at approximately $29,041,097.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,340 shares of company stock valued at $3,407,994. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BLD. Jefferies Financial Group boosted their price target on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, July 16th. Benchmark lifted their price objective on TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Stephens reissued an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Finally, Evercore ISI boosted their price target on TopBuild from $529.00 to $555.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $461.89.

TopBuild Stock Performance

Shares of NYSE:BLD traded down $2.72 during midday trading on Tuesday, hitting $453.74. The company had a trading volume of 244,552 shares, compared to its average volume of 282,155. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.81 and a quick ratio of 2.33. The company has a market cap of $14.44 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 2.07 and a beta of 1.76. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $470.93. The company has a fifty day moving average of $407.62 and a two-hundred day moving average of $402.63.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.25. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. TopBuild’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.36 EPS. On average, equities research analysts expect that TopBuild Corp. will post 21.63 EPS 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.