TopBuild Corp. $BLD Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in TopBuild Corp. (NYSE:BLD) by 2.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 230,985 shares of the construction company’s stock after selling 5,615 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.81% of TopBuild worth $74,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Boston Partners acquired a new position in shares of TopBuild in the 1st quarter valued at $116,738,000. Allspring Global Investments Holdings LLC purchased a new stake in TopBuild during the second quarter valued at about $109,447,000. New Vernon Capital Holdings II LLC acquired a new position in shares of TopBuild in the first quarter worth about $75,604,000. Nuveen LLC purchased a new position in shares of TopBuild in the first quarter worth approximately $41,377,000. Finally, Dimensional Fund Advisors LP increased its position in shares of TopBuild by 25.0% in the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company’s stock worth $141,908,000 after acquiring an additional 93,011 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Robert M. Kuhns sold 1,350 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following the transaction, the chief financial officer owned 14,283 shares of the company’s stock, valued at approximately $6,248,384.01. This trade represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. 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. DA Davidson increased their target price on TopBuild from $465.00 to $485.00 and gave the company a “buy” rating in a report on Wednesday. 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. Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Finally, Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $425.83.

TopBuild Price Performance

BLD opened at $422.23 on Friday. The stock has a fifty day moving average price of $419.85 and a 200 day moving average price of $369.68. The company has a current ratio of 2.90, a quick ratio of 2.29 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $461.49. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 4.51 and a beta of 1.64.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.68 EPS. TopBuild has set its FY 2025 guidance at EPS. Analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.