TopBuild Corp. $BLD Stake Raised by Boston Partners

Boston Partners raised its holdings in TopBuild Corp. (NYSE:BLD) by 102.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 774,161 shares of the construction company’s stock after acquiring an additional 391,299 shares during the quarter. Boston Partners owned 2.75% of TopBuild worth $250,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. raised 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 worth $194,876,000 after purchasing an additional 34,885 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TopBuild by 25.0% in 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 in the last quarter. Northern Trust Corp increased its holdings in shares of TopBuild by 1.2% in the first 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. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild during the 2nd quarter valued at $109,447,000. Finally, Westwood Holdings Group Inc. boosted its stake in shares of TopBuild by 10.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 302,416 shares of the construction company’s stock worth $97,904,000 after acquiring an additional 27,898 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BLD shares. The Goldman Sachs Group lifted their target price on TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Seaport Res Ptn raised shares of TopBuild from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Evercore ISI dropped their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Finally, UBS Group set a $370.00 price target on shares of TopBuild and gave the company a “hold” rating in a report on Tuesday, August 5th. Two equities 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $430.00.

TopBuild Trading Up 2.0%

Shares of NYSE BLD opened at $456.32 on Thursday. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a one year low of $266.26 and a one year high of $461.49. The business has a 50-day moving average price of $421.27 and a two-hundred day moving average price of $381.68. The firm has a market capitalization of $12.81 billion, a PE ratio of 23.16, a PEG ratio of 7.46 and a beta of 1.64.

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