Ranger Investment Management L.P. Purchases 33,198 Shares of TopBuild Corp. $BLD

Ranger Investment Management L.P. increased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 107.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,030 shares of the construction company’s stock after acquiring an additional 33,198 shares during the quarter. TopBuild comprises about 1.7% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 25th largest holding. Ranger Investment Management L.P.’s holdings in TopBuild were worth $25,027,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in TopBuild during the third quarter worth $34,000. SJS Investment Consulting Inc. increased its holdings in TopBuild by 3,433.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock worth $41,000 after purchasing an additional 103 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in TopBuild in the 2nd quarter valued at approximately $35,000. MAI Capital Management raised its stake in shares of TopBuild by 28.3% during the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in TopBuild by 31.7% during the 3rd quarter. Bessemer Group Inc. now owns 133 shares of the construction company’s stock worth $52,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD opened at $500.37 on Friday. The stock has a market cap of $14.05 billion, a P/E ratio of 25.12, a P/E/G ratio of 8.20 and a beta of 1.70. The business’s fifty day moving average is $453.69 and its 200 day moving average is $429.81. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $509.36.

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

Insider Buying and Selling at TopBuild

In related news, VP Luis Francisco Machado sold 1,000 shares of the stock in a transaction 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 completion of the sale, the vice president directly owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. This represents a 9.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on BLD shares. Evercore ISI lowered their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. Benchmark lifted their target price on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Vertical Research began coverage on shares of TopBuild in a research report on Tuesday, October 21st. They set a “buy” rating and a $517.96 price target on the stock. DA Davidson reissued a “buy” rating and issued a $485.00 price objective on shares of TopBuild in a research report on Wednesday, December 10th. Finally, Royal Bank Of Canada assumed coverage on TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $439.73.

TopBuild Company Profile

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.