Ranger Investment Management L.P. Has $9.98 Million Position in TopBuild Corp. $BLD

by · The Markets Daily

Ranger Investment Management L.P. trimmed its stake in TopBuild Corp. (NYSE:BLD – Free Report) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,832 shares of the construction company’s stock after selling 1,725 shares during the quarter. Ranger Investment Management L.P.’s holdings in TopBuild were worth $9,982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming bought a new position in shares of TopBuild during the 2nd quarter worth about $84,000. Liontrust Investment Partners LLP raised its stake in TopBuild by 24.8% during the 2nd quarter. Liontrust Investment Partners LLP now owns 376,396 shares of the construction company’s stock worth $121,854,000 after buying an additional 74,695 shares during the period. Nomura Holdings Inc. acquired a new position in TopBuild during the 2nd quarter worth approximately $575,000. Westwood Holdings Group Inc. boosted its holdings in TopBuild by 10.2% in the second quarter. Westwood Holdings Group Inc. now owns 302,416 shares of the construction company’s stock worth $97,904,000 after acquiring an additional 27,898 shares in the last quarter. Finally, FORA Capital LLC grew its stake in TopBuild by 122.6% in the second quarter. FORA Capital LLC now owns 2,028 shares of the construction company’s stock valued at $657,000 after acquiring an additional 1,117 shares during the period. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Performance

BLD stock opened at $435.59 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 $12.23 billion, a PE ratio of 22.11, a P/E/G ratio of 7.27 and a beta of 1.67. The business has a 50 day moving average of $431.87 and a 200-day moving average of $394.19. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $461.49.

TopBuild (NYSE:BLD – Get Free Report) 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. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.68 earnings per share. As a group, sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Luis Francisco Machado sold 1,000 shares of the firm’s stock in a transaction dated 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 owned 9,349 shares in the company, valued at approximately $4,210,789.60. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada began coverage on TopBuild in a report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 target price on the stock. Truist Financial raised their price objective on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research note on Thursday, October 9th. Wells Fargo & Company assumed coverage on shares of TopBuild in a report on Monday, November 17th. They set an “overweight” rating and a $500.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Evercore ISI cut their price target on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $430.00.

Check Out Our Latest Stock Report on BLD

TopBuild Company Profile

(Free Report)

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.

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