Luis Francisco Machado Sells 1,000 Shares of TopBuild (NYSE:BLD) Stock

TopBuild Corp. (NYSE:BLD) VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president directly owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. This represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TopBuild Price Performance

BLD opened at $452.63 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. The stock has a market capitalization of $12.71 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 7.55 and a beta of 1.64. The company’s 50 day simple moving average is $422.81 and its 200-day simple moving average is $383.67. TopBuild Corp. has a one year low of $266.26 and a one year high of $461.49.

TopBuild (NYSE:BLD) last posted its quarterly earnings data 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 for 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 business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.68 EPS. TopBuild has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BLD shares. Weiss Ratings restated a “hold (c+)” rating on shares of TopBuild in a report on Wednesday, October 8th. Royal Bank Of Canada assumed coverage on TopBuild in a report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target on the stock. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Evercore ISI dropped their target price 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. Finally, DA Davidson upped their price target on TopBuild from $465.00 to $485.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus price target of $430.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC acquired a new position in shares of TopBuild during the 2nd quarter worth approximately $189,000. Envestnet Asset Management Inc. boosted its stake in shares of TopBuild by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 35,036 shares of the construction company’s stock valued at $11,342,000 after buying an additional 2,094 shares during the period. Renaissance Group LLC grew its position in TopBuild by 30.6% during the second quarter. Renaissance Group LLC now owns 16,923 shares of the construction company’s stock worth $5,479,000 after buying an additional 3,967 shares in the last quarter. Boston Partners increased its stake in TopBuild by 102.2% during the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after acquiring an additional 391,299 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in TopBuild by 3.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 20,877 shares of the construction company’s stock valued at $6,758,000 after acquiring an additional 663 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

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.