Dixon Mitchell Investment Counsel Inc. Buys 5,156 Shares of TopBuild Corp. $BLD

Dixon Mitchell Investment Counsel Inc. grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,429 shares of the construction company’s stock after acquiring an additional 5,156 shares during the period. Dixon Mitchell Investment Counsel Inc. owned 0.29% of TopBuild worth $26,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Avantax Advisory Services Inc. bought a new stake in TopBuild in the 1st quarter valued at $211,000. HB Wealth Management LLC acquired a new stake in shares of TopBuild during the first quarter worth $213,000. Mackenzie Financial Corp boosted its position in shares of TopBuild by 37.5% in the first quarter. Mackenzie Financial Corp now owns 2,272 shares of the construction company’s stock valued at $693,000 after acquiring an additional 620 shares during the period. Federated Hermes Inc. grew its stake in shares of TopBuild by 3.7% in the first quarter. Federated Hermes Inc. now owns 6,105 shares of the construction company’s stock valued at $1,862,000 after acquiring an additional 220 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its position in TopBuild by 3.0% during the first quarter. Arkadios Wealth Advisors now owns 2,310 shares of the construction company’s stock worth $704,000 after acquiring an additional 67 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 analysts have issued reports on BLD shares. DA Davidson boosted their price objective on shares of TopBuild from $465.00 to $485.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. The Goldman Sachs Group boosted their price target on TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. Seaport Res Ptn raised TopBuild from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada started coverage on TopBuild in a research report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $430.00.

Insider Buying and Selling

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the business’s 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.43% of the company’s stock.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $452.63 on Friday. The company’s 50 day simple moving average is $422.81 and its 200 day simple moving average is $383.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $461.49. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 7.55 and a beta of 1.64.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business posted $5.68 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. As a group, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild Company Profile

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.