Sequoia Financial Advisors LLC Acquires 226 Shares of TopBuild Corp. $BLD

Sequoia Financial Advisors LLC grew its holdings in shares of TopBuild Corp. (NYSE:BLD) by 23.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,176 shares of the construction company’s stock after buying an additional 226 shares during the period. Sequoia Financial Advisors LLC’s holdings in TopBuild were worth $381,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of TopBuild by 9.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,307 shares of the construction company’s stock valued at $37,298,000 after buying an additional 10,351 shares in the last quarter. E. Ohman J or Asset Management AB boosted its holdings in shares of TopBuild by 7.0% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 81,384 shares of the construction company’s stock valued at $26,347,000 after buying an additional 5,344 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of TopBuild by 1.4% during the 1st quarter. Intech Investment Management LLC now owns 47,329 shares of the construction company’s stock valued at $14,433,000 after buying an additional 652 shares in the last quarter. Tribune Investment Group LP purchased a new position in shares of TopBuild in the 1st quarter worth about $7,319,000. Finally, Kera Capital Partners Inc. purchased a new position in shares of TopBuild in the 2nd quarter worth about $224,000. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. Truist Financial lifted their price target on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday, October 9th. The Goldman Sachs Group lifted their price target on TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Bank of America boosted their target price on TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, UBS Group set a $370.00 target price on TopBuild and gave the stock a “hold” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $412.50.

Insiders Place Their Bets

In other TopBuild news, CEO Robert M. Buck sold 7,350 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.19, for a total value of $3,051,646.50. Following the completion of the transaction, the chief executive officer directly owned 73,225 shares in the company, valued at $30,402,287.75. This represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert M. Kuhns sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $416.10, for a total value of $832,200.00. Following the completion of the transaction, the chief financial officer owned 15,633 shares of the company’s stock, valued at $6,504,891.30. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is owned by company insiders.

TopBuild Trading Up 2.0%

BLD stock opened at $449.40 on Wednesday. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $456.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 4.61 and a beta of 1.66. The business has a 50 day simple moving average of $419.40 and a two-hundred day simple moving average of $356.03.

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

About TopBuild

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.