TopBuild Corp. $BLD Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in shares of TopBuild Corp. (NYSE:BLD) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,714 shares of the construction company’s stock after purchasing an additional 170 shares during the quarter. Ritholtz Wealth Management’s holdings in TopBuild were worth $555,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BLD. GAMMA Investing LLC boosted its position in TopBuild by 450.0% during the first quarter. GAMMA Investing LLC now owns 495 shares of the construction company’s stock worth $151,000 after purchasing an additional 405 shares in the last quarter. QRG Capital Management Inc. boosted its position in TopBuild by 3.8% during the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company’s stock worth $400,000 after purchasing an additional 48 shares in the last quarter. State of Alaska Department of Revenue boosted its position in TopBuild by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 3,436 shares of the construction company’s stock worth $1,047,000 after purchasing an additional 90 shares in the last quarter. Ausbil Investment Management Ltd purchased a new stake in TopBuild during the first quarter worth $269,000. Finally, Valmark Advisers Inc. purchased a new stake in TopBuild during the first quarter worth $1,491,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on BLD. JPMorgan Chase & Co. boosted their target price on TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. The Goldman Sachs Group upped their price objective on TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Evercore ISI upped their price objective on TopBuild from $424.00 to $449.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Finally, Bank of America upped their price objective on TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.91.

TopBuild Stock Performance

TopBuild stock opened at $435.42 on Monday. The firm has a market capitalization of $12.25 billion, a P/E ratio of 21.44, a PEG ratio of 4.55 and a beta of 1.66. The stock has a fifty day moving average price of $418.49 and a 200 day moving average price of $354.42. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.94. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86.

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

Insiders Place Their Bets

In related news, insider Jeff M. Krestancic sold 373 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the transaction, the insider directly owned 4,934 shares in the company, valued at approximately $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of the transaction, the vice president owned 10,349 shares of the company’s stock, valued at $4,295,041.98. The trade was a 8.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is 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.