TopBuild Corp. $BLD Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in TopBuild Corp. (NYSE:BLD) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,024 shares of the construction company’s stock after buying an additional 140 shares during the quarter. HighTower Advisors LLC’s holdings in TopBuild were worth $922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of TopBuild by 5.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company’s stock valued at $150,053,000 after purchasing an additional 23,428 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of TopBuild by 32.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company’s stock valued at $117,992,000 after purchasing an additional 94,389 shares in the last quarter. Northern Trust Corp increased its stake in shares of TopBuild by 24.6% in the 4th quarter. Northern Trust Corp now owns 315,221 shares of the construction company’s stock valued at $98,141,000 after purchasing an additional 62,216 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of TopBuild by 5.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 274,518 shares of the construction company’s stock valued at $83,714,000 after purchasing an additional 14,852 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of TopBuild by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 262,487 shares of the construction company’s stock valued at $80,045,000 after purchasing an additional 10,899 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

NYSE:BLD opened at $426.40 on Thursday. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $379.25 and a two-hundred day moving average of $326.74. The firm has a market cap of $12.00 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 5.69 and a beta of 1.63. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $445.74.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $0.24. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The business’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Bank of America lifted their price target on TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. UBS Group set a $370.00 price target on TopBuild and gave the company a “hold” rating in a research note on Tuesday, August 5th. DA Davidson cut their price objective on TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $394.67.

Insider Buying and Selling

In other news, insider Jeff M. Krestancic sold 373 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the sale, the insider directly owned 4,934 shares in the company, valued at $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Luis Francisco Machado sold 990 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of the sale, the vice president owned 10,349 shares of the company’s stock, valued at $4,295,041.98. This trade represents a 8.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,663 shares of company stock valued at $5,709,488 over the last ninety days. 0.43% of the stock is currently owned by company insiders.

TopBuild 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.