Motley Fool Asset Management LLC Acquires 60 Shares of TopBuild Corp. $BLD

Motley Fool Asset Management LLC raised its holdings in TopBuild Corp. (NYSE:BLD) by 8.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 800 shares of the construction company’s stock after acquiring an additional 60 shares during the quarter. Motley Fool Asset Management LLC’s holdings in TopBuild were worth $259,000 as of its most recent SEC filing.

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

TopBuild Trading Down 2.0%

BLD opened at $444.50 on Wednesday. The stock has a market capitalization of $12.51 billion, a P/E ratio of 21.89, a P/E/G ratio of 4.75 and a beta of 1.66. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $461.49. The firm’s fifty day simple moving average is $420.78 and its 200 day simple moving average is $362.23. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86.

TopBuild (NYSE:BLD) last posted its quarterly earnings data 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 business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insider Activity at TopBuild

In related news, CFO Robert M. Kuhns sold 1,350 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $437.47, for a total value of $590,584.50. Following the sale, the chief financial officer directly owned 14,283 shares of the company’s stock, valued at approximately $6,248,384.01. The trade was a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the completion of the sale, the chief executive officer directly owned 73,225 shares in the company, valued at $30,402,287.75. This represents a 9.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BLD has been the topic of several analyst reports. Benchmark increased their target price on shares of TopBuild from $375.00 to $444.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Vertical Research initiated coverage on shares of TopBuild in a report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 target price on the stock. Loop Capital increased their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TopBuild in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and an average price target of $412.50.

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.