Mutual of America Capital Management LLC Has $5.05 Million Holdings in TopBuild Corp. $BLD

Mutual of America Capital Management LLC trimmed its position in TopBuild Corp. (NYSE:BLD) by 8.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 12,922 shares of the construction company’s stock after selling 1,210 shares during the period. Mutual of America Capital Management LLC’s holdings in TopBuild were worth $5,051,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLD. Root Financial Partners LLC acquired a new position in TopBuild in the 3rd quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of TopBuild during the second quarter valued at about $35,000. MAI Capital Management grew its holdings in shares of TopBuild by 28.3% during the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in shares of TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after buying an additional 103 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of TopBuild by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock valued at $47,000 after buying an additional 73 shares during the period. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of TopBuild from $500.00 to $540.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Jefferies Financial Group lifted their price target on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Weiss Ratings downgraded TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, January 14th. Benchmark raised their target price on TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Vertical Research assumed coverage on TopBuild in a research report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $439.73.

Insider Transactions at TopBuild

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total value of $450,400.00. Following the transaction, the vice president directly owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.43% of the company’s stock.

TopBuild Price Performance

BLD stock opened at $479.87 on Friday. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. The firm has a market cap of $13.47 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 7.96 and a beta of 1.68. The company’s fifty day simple moving average is $450.02 and its 200 day simple moving average is $425.69. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $509.36.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.14. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company posted $5.68 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.