Charles Schwab Investment Management Inc. Has $79.74 Million Stock Holdings in TopBuild Corp. $BLD

Charles Schwab Investment Management Inc. decreased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,320 shares of the construction company’s stock after selling 16,167 shares during the period. Charles Schwab Investment Management Inc. owned 0.88% of TopBuild worth $79,744,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in TopBuild by 18.4% in the second quarter. American Century Companies Inc. now owns 194,979 shares of the construction company’s stock valued at $63,123,000 after buying an additional 30,250 shares during the period. Franklin Resources Inc. increased its stake in shares of TopBuild by 2.0% in the 2nd quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company’s stock valued at $555,000 after acquiring an additional 34 shares in the last quarter. Legal & General Group Plc lifted its position in shares of TopBuild by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 46,868 shares of the construction company’s stock valued at $15,173,000 after acquiring an additional 302 shares during the period. MAI Capital Management lifted its position in shares of TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after acquiring an additional 26 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in TopBuild by 65.9% during the second quarter. JPMorgan Chase & Co. now owns 121,802 shares of the construction company’s stock worth $39,432,000 after acquiring an additional 48,368 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BLD. Royal Bank Of Canada assumed coverage on shares of TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target for the company. Vertical Research assumed coverage on TopBuild in a research report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 target price for the company. Truist Financial increased their price target on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a report on Thursday, October 9th. Evercore ISI reduced their price objective on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Finally, Seaport Res Ptn raised TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $430.00.

TopBuild Stock Performance

Shares of TopBuild stock opened at $452.63 on Friday. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $461.49. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. The business has a 50 day moving average price of $422.81 and a 200-day moving average price of $383.67. The company has a market cap of $12.71 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 7.55 and a beta of 1.64.

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

Insider Activity at TopBuild

In related news, VP Luis Francisco Machado sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the sale, the vice president directly owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.43% of the company’s stock.

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.