3,816 Shares in TopBuild Corp. (NYSE:BLD) Acquired by Pinnacle Wealth Management LLC

Pinnacle Wealth Management LLC acquired a new stake in TopBuild Corp. (NYSE:BLD) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,816 shares of the construction company’s stock, valued at approximately $1,470,000. TopBuild makes up about 1.8% of Pinnacle Wealth Management LLC’s portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its position in TopBuild by 18.2% in the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after acquiring an additional 25,973 shares in the last quarter. Forge First Asset Management Inc. bought a new position in TopBuild in the 1st quarter valued at approximately $16,158,000. Nordea Investment Management AB lifted its position in TopBuild by 4,820.9% in the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock valued at $12,825,000 after acquiring an additional 28,395 shares in the last quarter. International Assets Investment Management LLC lifted its position in TopBuild by 8,850.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,117 shares of the construction company’s stock valued at $1,541,000 after acquiring an additional 4,071 shares in the last quarter. Finally, Norges Bank bought a new position in TopBuild in the 4th quarter valued at approximately $154,983,000. 95.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Robert M. Buck sold 2,500 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 69,468 shares in the company, valued at $29,041,097.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Benchmark upped 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. DA Davidson lowered their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Truist Financial lowered their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Jefferies Financial Group increased 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. Finally, Evercore ISI lowered their price target on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock 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 stock. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus price target of $449.00.

TopBuild Stock Performance

TopBuild stock traded up $1.57 during trading on Friday, reaching $393.02. The company had a trading volume of 195,948 shares, compared to its average volume of 288,989. TopBuild Corp. has a 52 week low of $217.08 and a 52 week high of $495.68. The firm’s 50-day simple moving average is $407.19 and its 200 day simple moving average is $408.83. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 2.10 and a beta of 1.76. 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 announced its earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business posted $5.25 earnings per share. TopBuild’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts forecast 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.