Allworth Financial LP Has $1.79 Million Stake in TopBuild Corp. $BLD

Allworth Financial LP lifted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 4,288.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,529 shares of the construction company’s stock after purchasing an additional 5,403 shares during the quarter. Allworth Financial LP’s holdings in TopBuild were worth $1,790,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BLD. SVB Wealth LLC bought a new position in TopBuild during the 1st quarter worth $35,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of TopBuild during the 2nd quarter worth $35,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TopBuild in the second quarter worth $63,000. Blue Trust Inc. raised its stake in TopBuild by 21.7% in the second quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock valued at $73,000 after purchasing an additional 40 shares in the last quarter. Finally, Signaturefd LLC lifted its position in TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock worth $80,000 after purchasing an additional 165 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on BLD shares. Truist Financial raised their target price on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. Seaport Res Ptn upgraded shares of TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Evercore ISI lowered their price objective on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research report on Wednesday, November 5th. DA Davidson upped their target price on TopBuild from $465.00 to $485.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group raised their target price on TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and an average price target of $425.83.

TopBuild Stock Down 3.3%

Shares of BLD opened at $425.30 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $461.49. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 7.34 and a beta of 1.64. The stock has a fifty day moving average of $420.79 and a 200-day moving average of $372.93.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.14. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business posted $5.68 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Transactions at TopBuild

In other news, CFO Robert M. Kuhns sold 1,350 shares of TopBuild 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 transaction, the chief financial officer owned 14,283 shares in the company, valued at approximately $6,248,384.01. The trade was a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.43% of the company’s stock.

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.