TopBuild Corp. $BLD Stock Position Increased by Aberdeen Group plc

Aberdeen Group plc lifted its stake in shares of TopBuild Corp. (NYSE:BLD) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 34,299 shares of the construction company’s stock after purchasing an additional 253 shares during the quarter. Aberdeen Group plc’s holdings in TopBuild were worth $11,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BLD. Boston Partners acquired a new stake in shares of TopBuild during the first quarter worth $116,738,000. New Vernon Capital Holdings II LLC acquired a new stake in shares of TopBuild during the first quarter worth $75,604,000. Nuveen LLC acquired a new stake in shares of TopBuild during the first quarter worth $41,377,000. Dimensional Fund Advisors LP raised its position in shares of TopBuild by 25.0% during the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company’s stock worth $141,908,000 after purchasing an additional 93,011 shares during the period. Finally, Natixis Advisors LLC raised its position in shares of TopBuild by 54.6% during the first quarter. Natixis Advisors LLC now owns 135,872 shares of the construction company’s stock worth $41,435,000 after purchasing an additional 47,978 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Performance

Shares of NYSE BLD opened at $441.29 on Thursday. The business’s 50-day moving average price is $417.64 and its two-hundred day moving average price is $351.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. TopBuild Corp. has a one year low of $266.26 and a one year high of $445.94. The company has a market capitalization of $12.42 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 4.58 and a beta of 1.66.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $0.24. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The firm’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. Analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLD has been the topic of a number of recent analyst reports. Seaport Res Ptn raised TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Evercore ISI lifted their price target on TopBuild from $424.00 to $449.00 and gave the company an “in-line” rating in a report on Thursday, October 9th. The Goldman Sachs Group lifted their price target on TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Truist Financial lifted their price target on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. One research 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 company. According to MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $402.91.

Insiders Place Their Bets

In related news, CEO Robert M. Buck sold 7,350 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the completion of the transaction, the chief executive officer owned 73,225 shares of the company’s stock, valued at approximately $30,402,287.75. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert M. Kuhns sold 2,000 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $416.10, for a total value of $832,200.00. Following the transaction, the chief financial officer directly owned 15,633 shares of the company’s stock, valued at $6,504,891.30. This represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,663 shares of company stock worth $5,709,488 over the last quarter. 0.43% of the stock is currently owned by company insiders.

About TopBuild

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.