TopBuild Corp. $BLD Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC grew its stake in TopBuild Corp. (NYSE:BLD) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,450 shares of the construction company’s stock after buying an additional 89 shares during the period. Tributary Capital Management LLC’s holdings in TopBuild were worth $793,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. SVB Wealth LLC purchased a new stake in TopBuild in the 1st quarter valued at $35,000. Rossby Financial LCC purchased a new stake in TopBuild in the 1st quarter valued at $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in TopBuild in the 2nd quarter valued at $63,000. Blue Trust Inc. raised its position in TopBuild by 21.7% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock valued at $73,000 after purchasing an additional 40 shares during the last quarter. Finally, Signaturefd LLC raised its position in TopBuild by 170.1% in the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock valued at $80,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BLD. UBS Group set a $370.00 price target on shares of TopBuild and gave the company a “hold” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group upped their price objective on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Truist Financial upped their price objective on shares of TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday, October 9th. Vertical Research initiated coverage on shares of TopBuild in a research report on Tuesday. They set a “buy” rating and a $517.96 price objective for the company. Finally, Bank of America upped their price objective on shares of TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $412.50.

Insider Buying and Selling at TopBuild

In related news, CFO Robert M. Kuhns sold 1,350 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.47, for a total value of $590,584.50. Following the sale, the chief financial officer directly owned 14,283 shares of the company’s stock, valued at approximately $6,248,384.01. This represents a 8.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the sale, the insider directly owned 4,934 shares in the company, valued at approximately $2,047,610. The trade was a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,663 shares of company stock valued at $5,709,488 in the last quarter. Insiders own 0.43% of the company’s stock.

TopBuild Stock Performance

NYSE:BLD opened at $443.23 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $456.21. The stock has a market cap of $12.47 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 4.69 and a beta of 1.66. The firm’s fifty day simple moving average is $419.39 and its 200-day simple moving average is $356.63.

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

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.