Brooklyn Investment Group Increases Stock Position in TopBuild Corp. $BLD

Brooklyn Investment Group increased its position in shares of TopBuild Corp. (NYSE:BLD) by 10,066.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 610 shares of the construction company’s stock after buying an additional 604 shares during the period. Brooklyn Investment Group’s holdings in TopBuild were worth $186,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC boosted its holdings in TopBuild by 23.0% during the first quarter. Algert Global LLC now owns 8,651 shares of the construction company’s stock worth $2,638,000 after buying an additional 1,620 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in TopBuild by 30.4% during the first quarter. Raymond James Financial Inc. now owns 26,844 shares of the construction company’s stock worth $8,186,000 after buying an additional 6,256 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in TopBuild by 37.9% during the first quarter. Cresset Asset Management LLC now owns 1,668 shares of the construction company’s stock worth $509,000 after buying an additional 458 shares in the last quarter. American Century Companies Inc. boosted its holdings in TopBuild by 10.0% during the first quarter. American Century Companies Inc. now owns 164,729 shares of the construction company’s stock worth $50,234,000 after buying an additional 14,927 shares in the last quarter. Finally, Aberdeen Group plc boosted its holdings in TopBuild by 1.2% during the first quarter. Aberdeen Group plc now owns 34,046 shares of the construction company’s stock worth $10,382,000 after buying an additional 402 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jeff M. Krestancic sold 373 shares of the firm’s 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. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert M. Kuhns sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $416.10, for a total transaction of $832,200.00. Following the sale, the chief financial officer owned 15,633 shares of the company’s stock, valued at approximately $6,504,891.30. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,313 shares of company stock valued at $5,118,903 in the last ninety days. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BLD has been the topic of a number of recent analyst reports. Stephens lowered their price target on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Benchmark increased their price objective on shares of TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Bank of America increased their price objective on shares of TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, Seaport Res Ptn raised shares of TopBuild from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and a consensus price target of $394.67.

TopBuild Price Performance

Shares of NYSE BLD opened at $419.9880 on Thursday. The firm has a 50-day simple moving average of $366.63 and a 200-day simple moving average of $323.53. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 5.80 and a beta of 1.63. 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 52 week low of $266.26 and a 52 week high of $445.74.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business earned $5.42 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. On average, equities analysts predict 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.