TopBuild Corp. $BLD Stock Position Reduced by AXQ Capital LP

AXQ Capital LP trimmed its position in TopBuild Corp. (NYSE:BLD) by 42.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 906 shares of the construction company’s stock after selling 680 shares during the quarter. AXQ Capital LP’s holdings in TopBuild were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BLD. Boston Partners raised its holdings in shares of TopBuild by 102.1% during the second quarter. Boston Partners now owns 773,773 shares of the construction company’s stock worth $250,747,000 after purchasing an additional 390,911 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of TopBuild by 5.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 639,040 shares of the construction company’s stock valued at $194,876,000 after buying an additional 34,885 shares during the period. Dimensional Fund Advisors LP grew its position in shares of TopBuild by 25.0% during the 1st 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 grew its position in shares of TopBuild by 1.2% during 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in TopBuild during the second quarter worth about $109,447,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Truist Financial lifted their target price on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research note on Thursday, October 9th. DA Davidson boosted their price objective on TopBuild from $465.00 to $485.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Vertical Research started coverage on TopBuild in a research report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 target price on the stock. 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 research note on Thursday, October 9th. Finally, Royal Bank Of Canada initiated coverage on shares of TopBuild in a report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $430.00.

TopBuild Stock Down 0.2%

Shares of TopBuild stock opened at $430.23 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $461.49. The business’s fifty day moving average price is $419.76 and its two-hundred day moving average price is $380.10. The company has a market capitalization of $12.08 billion, a P/E ratio of 21.84, a PEG ratio of 7.19 and a beta of 1.64.

TopBuild (NYSE:BLD) last released its quarterly 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. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business posted $5.68 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. As a group, research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

TopBuild Company 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.