ABN Amro Investment Solutions Makes New $3.02 Million Investment in TopBuild Corp. $BLD

ABN Amro Investment Solutions bought a new stake in shares of TopBuild Corp. (NYSE:BLD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,340 shares of the construction company’s stock, valued at approximately $3,024,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Candriam S.C.A. lifted its holdings in TopBuild by 31.4% in the second quarter. Candriam S.C.A. now owns 20,127 shares of the construction company’s stock worth $6,516,000 after buying an additional 4,811 shares during the period. Police & Firemen s Retirement System of New Jersey raised its position in shares of TopBuild by 4.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,228 shares of the construction company’s stock worth $3,635,000 after acquiring an additional 496 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in TopBuild by 6.4% during the second quarter. PNC Financial Services Group Inc. now owns 6,216 shares of the construction company’s stock valued at $2,012,000 after buying an additional 374 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of TopBuild by 638.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 28,138 shares of the construction company’s stock valued at $9,109,000 after purchasing an additional 24,330 shares in the last quarter. Finally, Boston Partners grew its stake in shares of TopBuild by 102.1% in the 2nd quarter. Boston Partners now owns 773,773 shares of the construction company’s stock worth $250,747,000 after buying an additional 390,911 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BLD. 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 research note on Thursday, October 9th. Seaport Res Ptn raised shares of TopBuild from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Vertical Research initiated coverage on shares of TopBuild in a research report on Tuesday, October 21st. They set a “buy” rating and a $517.96 price objective for the company. Finally, Benchmark upped their price objective on TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $425.83.

Insider Activity at TopBuild

In related news, CFO Robert M. Kuhns sold 1,350 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following the completion of the transaction, the chief financial officer owned 14,283 shares in the company, valued at approximately $6,248,384.01. This represents a 8.64% 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 this hyperlink. Company insiders own 0.43% of the company’s stock.

TopBuild Price Performance

NYSE:BLD opened at $425.30 on Friday. The business’s 50-day simple moving average is $420.79 and its two-hundred day simple moving average is $372.93. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $461.49. The stock has a market cap of $11.94 billion, a PE ratio of 21.59, a P/E/G ratio of 7.34 and a beta of 1.64. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.14. The firm had revenue of $1.39 billion during 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 firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $5.68 earnings per share. TopBuild has set its FY 2025 guidance at EPS. As a group, analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.