Petra Financial Advisors Inc. Acquires Shares of 1,581 TopBuild Corp. $BLD

Petra Financial Advisors Inc. bought a new stake in shares of TopBuild Corp. (NYSE:BLD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,581 shares of the construction company’s stock, valued at approximately $618,000.

A number of other large investors also recently made changes to their positions in BLD. AQR Capital Management LLC grew its stake in shares of TopBuild by 48.2% during the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after purchasing an additional 837 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in TopBuild by 23.8% during the second quarter. Sequoia Financial Advisors LLC now owns 1,176 shares of the construction company’s stock worth $381,000 after buying an additional 226 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of TopBuild by 11.0% during the 2nd quarter. Ritholtz Wealth Management now owns 1,714 shares of the construction company’s stock worth $555,000 after buying an additional 170 shares during the period. Allianz Asset Management GmbH increased its stake in shares of TopBuild by 14.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 16,681 shares of the construction company’s stock valued at $5,400,000 after acquiring an additional 2,148 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of TopBuild by 148.6% in the 2nd quarter. Nordea Investment Management AB now owns 84,834 shares of the construction company’s stock valued at $27,478,000 after acquiring an additional 50,714 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BLD. DA Davidson restated a “buy” rating and set a $485.00 price objective on shares of TopBuild in a report on Wednesday, December 10th. Benchmark lifted their price target on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada initiated coverage on shares of TopBuild in a research report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price objective for the company. Evercore dropped their price objective on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 5th. Finally, Weiss Ratings raised TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $443.73.

Insider Activity at TopBuild

In related news, VP Luis Francisco Machado sold 1,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the transaction, the vice president directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by company insiders.

TopBuild Trading Up 2.5%

BLD opened at $550.81 on Monday. The stock has a market capitalization of $15.46 billion, a P/E ratio of 27.96, a P/E/G ratio of 9.04 and a beta of 1.70. The company has a current ratio of 2.90, a quick ratio of 2.45 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 $555.85. The firm’s fifty day simple moving average is $464.40 and its 200 day simple moving average is $437.20.

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.