Bank Julius Baer & Co. Ltd Zurich Sells 191 Shares of TopBuild Corp. $BLD

Bank Julius Baer & Co. Ltd Zurich cut its stake in TopBuild Corp. (NYSE:BLD) by 67.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92 shares of the construction company’s stock after selling 191 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in TopBuild were worth $30,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Boston Partners boosted its position in TopBuild by 102.1% during the second quarter. Boston Partners now owns 773,773 shares of the construction company’s stock valued at $250,747,000 after purchasing an additional 390,911 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in TopBuild by 5.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 639,040 shares of the construction company’s stock worth $194,876,000 after purchasing an additional 34,885 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of TopBuild by 25.0% during the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company’s stock valued at $141,908,000 after buying an additional 93,011 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of TopBuild by 1.2% in the 1st quarter. Northern Trust Corp now owns 318,995 shares of the construction company’s stock valued at $97,278,000 after buying an additional 3,774 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of TopBuild in the 2nd quarter valued at about $109,447,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Down 0.2%

TopBuild stock opened at $430.23 on Tuesday. The business’s 50-day simple moving average is $419.76 and its two-hundred day simple moving average is $380.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. The company has a market cap of $12.08 billion, a PE ratio of 21.84, a PEG ratio of 7.19 and a beta of 1.64. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $461.49.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BLD shares. DA Davidson boosted their price objective on shares of TopBuild from $465.00 to $485.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Wells Fargo & Company assumed coverage on shares of TopBuild in a report on Monday, November 17th. They issued an “overweight” rating and a $500.00 price target on the stock. Evercore ISI reduced their price target on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TopBuild in a report on Wednesday, October 8th. Finally, Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $430.00.

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.