Optimize Financial Inc Purchases Shares of 719 TopBuild Corp. $BLD

Optimize Financial Inc purchased a new stake in TopBuild Corp. (NYSE:BLD) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 719 shares of the construction company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in TopBuild in the 1st quarter valued at about $35,000. Parallel Advisors LLC raised its holdings in TopBuild by 111.5% during the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares during the period. Rossby Financial LCC acquired a new stake in TopBuild during the 1st quarter worth about $50,000. MassMutual Private Wealth & Trust FSB raised its holdings in TopBuild by 240.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company’s stock worth $57,000 after buying an additional 132 shares during the period. Finally, Raiffeisen Bank International AG acquired a new stake in TopBuild during the 4th quarter worth about $81,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TopBuild

In related news, CEO Robert M. Buck sold 7,350 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.19, for a total value of $3,051,646.50. Following the transaction, the chief executive officer owned 73,225 shares in the company, valued at approximately $30,402,287.75. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was 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 in the company, valued at $4,295,041.98. This represents a 8.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,663 shares of company stock worth $5,709,488. Corporate insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

BLD has been the topic of several recent analyst reports. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Bank of America boosted their price objective on TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Benchmark boosted their price objective on TopBuild from $375.00 to $444.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. UBS Group set a $370.00 price objective on TopBuild and gave the stock a “hold” rating in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. boosted their price objective on TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $394.67.

TopBuild Price Performance

Shares of BLD opened at $420.84 on Wednesday. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 5.80 and a beta of 1.61. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. The business’s 50-day moving average is $397.62 and its 200-day moving average is $333.14.

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