Aberdeen Group plc Acquires 12,509 Shares of TopBuild Corp. $BLD

Aberdeen Group plc increased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 36.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 46,808 shares of the construction company’s stock after acquiring an additional 12,509 shares during the period. Aberdeen Group plc’s holdings in TopBuild were worth $18,379,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BLD. Cookson Peirce & Co. Inc. bought a new stake in TopBuild during the 3rd quarter worth about $9,544,000. Caprock Group LLC acquired a new stake in shares of TopBuild in the third quarter valued at about $1,827,000. Johnson Investment Counsel Inc. raised its holdings in TopBuild by 1.2% during the third quarter. Johnson Investment Counsel Inc. now owns 5,684 shares of the construction company’s stock worth $2,222,000 after acquiring an additional 66 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in TopBuild during the third quarter valued at approximately $256,000. Finally, Alps Advisors Inc. bought a new position in TopBuild in the third quarter valued at approximately $426,000. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada started coverage on TopBuild in a research note on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price objective on the stock. Weiss Ratings raised shares of TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Wells Fargo & Company lifted their price objective on shares of TopBuild from $540.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. DA Davidson reaffirmed a “buy” rating and issued a $485.00 target price on shares of TopBuild in a report on Wednesday, December 10th. Finally, Jefferies Financial Group raised their target price on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $443.73.

TopBuild Price Performance

Shares of BLD opened at $532.58 on Thursday. The company’s 50-day moving average is $471.07 and its 200-day moving average is $440.31. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. The firm has a market capitalization of $14.95 billion, a PE ratio of 27.03, a PEG ratio of 8.94 and a beta of 1.70. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $559.47.

Insiders Place Their Bets

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the sale, the vice president directly owned 9,349 shares in the company, valued at $4,210,789.60. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

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.