Assetmark Inc. Boosts Stock Holdings in TopBuild Corp. (NYSE:BLD)

Assetmark Inc. lifted its stake in shares of TopBuild Corp. (NYSE:BLD) by 36.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,753 shares of the construction company’s stock after acquiring an additional 1,268 shares during the quarter. Assetmark Inc.’s holdings in TopBuild were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of BLD. Commonwealth Equity Services LLC increased its position in shares of TopBuild by 91.9% during the third quarter. Commonwealth Equity Services LLC now owns 2,028 shares of the construction company’s stock worth $510,000 after acquiring an additional 971 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in TopBuild in the third quarter valued at $223,000. Raymond James Financial Services Advisors Inc. increased its holdings in TopBuild by 25.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,093 shares of the construction company’s stock valued at $275,000 after buying an additional 223 shares during the last quarter. California Public Employees Retirement System increased its holdings in TopBuild by 4.6% in the third quarter. California Public Employees Retirement System now owns 64,691 shares of the construction company’s stock valued at $16,276,000 after buying an additional 2,854 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in TopBuild by 37.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock valued at $40,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD opened at $409.58 on Friday. TopBuild Corp. has a fifty-two week low of $199.31 and a fifty-two week high of $452.87. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.91 and a beta of 1.67. The firm has a 50-day simple moving average of $414.71 and a 200-day simple moving average of $378.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81.

TopBuild (NYSE:BLD) last announced 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. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $4.36 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that TopBuild Corp. will post 21.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BLD shares. Bank of America increased their target price on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Evercore ISI increased their target price on TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. The Goldman Sachs Group upped their price objective on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Benchmark upped their price objective on shares of TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $420.90.

Insider Transactions at TopBuild

In other news, CFO Robert M. Kuhns sold 540 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $406.53, for a total transaction of $219,526.20. Following the completion of the sale, the chief financial officer now owns 15,928 shares in the company, valued at $6,475,209.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Robert M. Buck sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 71,968 shares in the company, valued at $29,054,920.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Robert M. Kuhns sold 540 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $406.53, for a total transaction of $219,526.20. Following the completion of the sale, the chief financial officer now owns 15,928 shares of the company’s stock, valued at approximately $6,475,209.84. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.

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.