TopBuild Corp. $BLD Shares Sold by TFG Advisers LLC

TFG Advisers LLC lessened its holdings in TopBuild Corp. (NYSE:BLD) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,857 shares of the construction company’s stock after selling 50 shares during the period. TFG Advisers LLC’s holdings in TopBuild were worth $925,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of TopBuild by 2.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 65,970 shares of the construction company’s stock worth $21,357,000 after purchasing an additional 1,550 shares in the last quarter. Truist Financial Corp raised its holdings in shares of TopBuild by 9.7% during the 2nd quarter. Truist Financial Corp now owns 3,649 shares of the construction company’s stock valued at $1,181,000 after buying an additional 322 shares during the period. Ausbil Investment Management Ltd lifted its position in TopBuild by 92.9% during the 2nd quarter. Ausbil Investment Management Ltd now owns 1,703 shares of the construction company’s stock worth $551,000 after acquiring an additional 820 shares in the last quarter. Old North State Wealth Management LLC acquired a new stake in TopBuild in the second quarter valued at approximately $350,000. Finally, Retirement Guys Formula LLC purchased a new stake in shares of TopBuild during the second quarter valued at approximately $203,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BLD shares. Bank of America upped their target price on shares of TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Benchmark lifted their target price on TopBuild from $375.00 to $444.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Evercore ISI reduced their price target on TopBuild from $425.00 to $424.00 and set an “in-line” rating for the company in a report on Monday. UBS Group set a $370.00 price target on shares of TopBuild and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Finally, Loop Capital increased their price objective on shares of TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a research note 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.17.

Insider Activity

In related news, CFO Robert M. Kuhns sold 2,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $416.10, for a total value of $832,200.00. Following the completion of the transaction, the chief financial officer directly owned 15,633 shares of the company’s stock, valued at $6,504,891.30. This represents a 11.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total value of $3,051,646.50. Following the sale, the chief executive officer directly owned 73,225 shares in the company, valued at $30,402,287.75. The trade was a 9.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,663 shares of company stock worth $5,709,488 in the last quarter. Company insiders own 0.43% of the company’s stock.

TopBuild Price Performance

Shares of NYSE:BLD opened at $394.12 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. The firm has a 50-day simple moving average of $411.10 and a 200 day simple moving average of $344.23. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The company has a market cap of $11.09 billion, a PE ratio of 19.41, a P/E/G ratio of 5.23 and a beta of 1.66.

TopBuild (NYSE:BLD) last issued 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 during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business earned $5.42 EPS. The firm’s revenue was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current 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.