QRG Capital Management Inc. Grows Stock Holdings in TopBuild Corp. $BLD

QRG Capital Management Inc. grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,400 shares of the construction company’s stock after buying an additional 89 shares during the quarter. QRG Capital Management Inc.’s holdings in TopBuild were worth $453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TopBuild in the second quarter worth about $63,000. Robeco Institutional Asset Management B.V. boosted its position in TopBuild by 2.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 65,970 shares of the construction company’s stock valued at $21,357,000 after acquiring an additional 1,550 shares in the last quarter. Truist Financial Corp boosted its position in TopBuild by 9.7% during the 2nd quarter. Truist Financial Corp now owns 3,649 shares of the construction company’s stock valued at $1,181,000 after acquiring an additional 322 shares in the last quarter. Ausbil Investment Management Ltd boosted its position in TopBuild by 92.9% during the 2nd quarter. Ausbil Investment Management Ltd now owns 1,703 shares of the construction company’s stock valued at $551,000 after acquiring an additional 820 shares in the last quarter. Finally, Old North State Wealth Management LLC purchased a new position in shares of TopBuild during the second quarter valued at approximately $350,000. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Down 0.6%

Shares of NYSE BLD opened at $423.35 on Friday. The firm’s 50-day moving average price is $415.53 and its 200-day moving average price is $349.26. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 5.70 and a beta of 1.66. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $445.74.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.24. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the company earned $5.42 EPS. The business’s revenue was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on BLD. Truist Financial lifted their target price on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday. Benchmark boosted their price objective on shares of TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group boosted their price objective on shares of TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Loop Capital upped their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and a consensus price target of $402.91.

Insider Activity

In related news, VP Luis Francisco Machado sold 990 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the sale, the vice president directly owned 10,349 shares of the company’s stock, valued at $4,295,041.98. This represents a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert M. Kuhns sold 1,350 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $437.47, for a total transaction of $590,584.50. Following the completion of the transaction, the chief financial officer owned 14,283 shares in the company, valued at $6,248,384.01. This represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,663 shares of company stock valued at $5,709,488. Company insiders own 0.43% of the company’s stock.

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.