Yousif Capital Management LLC Decreases Stake in TopBuild Corp. $BLD

Yousif Capital Management LLC cut its holdings in TopBuild Corp. (NYSE:BLD) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,925 shares of the construction company’s stock after selling 457 shares during the quarter. Yousif Capital Management LLC’s holdings in TopBuild were worth $3,213,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of TopBuild in the first quarter valued at approximately $35,000. Rossby Financial LCC purchased a new stake in shares of TopBuild in the first quarter valued at approximately $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in TopBuild during the second quarter worth $63,000. Blue Trust Inc. boosted its position in TopBuild by 21.7% during the second quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock worth $73,000 after purchasing an additional 40 shares in the last quarter. Finally, Signaturefd LLC boosted its position in TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock worth $80,000 after purchasing an additional 165 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BLD. Truist Financial boosted their target price on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday, October 9th. Loop Capital boosted their target price on TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Benchmark boosted 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. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Finally, UBS Group set a $370.00 target price on TopBuild and gave the stock a “hold” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $402.91.

Insiders Place Their Bets

In related news, VP Luis Francisco Machado sold 990 shares of the company’s stock in a transaction 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 directly owned 10,349 shares in the company, valued at approximately $4,295,041.98. This represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeff M. Krestancic sold 373 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the transaction, the insider owned 4,934 shares of the company’s stock, valued at $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. Over the last ninety days, insiders have sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is owned by company insiders.

TopBuild Stock Performance

NYSE BLD opened at $435.42 on Friday. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.94. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 4.60 and a beta of 1.66. The business has a fifty day moving average of $418.08 and a 200-day moving average of $352.75. 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 (NYSE:BLD) last released its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.07 by $0.24. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. As a group, analysts predict that TopBuild Corp. will post 20.97 earnings per share 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.