TopBuild Corp. $BLD Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in TopBuild Corp. (NYSE:BLD) by 15.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,332 shares of the construction company’s stock after selling 1,700 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in TopBuild were worth $2,846,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Snowden Capital Advisors LLC raised its holdings in shares of TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company’s stock worth $429,000 after acquiring an additional 33 shares during the last quarter. Enhancing Capital LLC raised its holdings in shares of TopBuild by 1.8% in the first quarter. Enhancing Capital LLC now owns 2,212 shares of the construction company’s stock worth $675,000 after acquiring an additional 39 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of TopBuild by 3.8% in the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company’s stock worth $400,000 after acquiring an additional 48 shares during the last quarter. Seascape Capital Management raised its holdings in shares of TopBuild by 0.7% in the first quarter. Seascape Capital Management now owns 7,989 shares of the construction company’s stock worth $2,436,000 after acquiring an additional 52 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of TopBuild by 0.3% in the fourth quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company’s stock worth $5,678,000 after acquiring an additional 54 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TopBuild

In other TopBuild news, CEO Robert M. Buck sold 7,350 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was 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 owned 73,225 shares of the company’s stock, valued at approximately $30,402,287.75. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeff M. Krestancic sold 373 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.00, for a total value of $154,795.00. Following the sale, the insider directly owned 4,934 shares of the company’s stock, valued at approximately $2,047,610. This trade represents a 7.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,313 shares of company stock worth $5,118,903 in the last three months. 0.43% of the stock is currently owned by insiders.

TopBuild Price Performance

BLD stock opened at $419.9880 on Thursday. The stock has a 50-day moving average price of $366.63 and a two-hundred day moving average price of $323.53. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $445.74. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The company has a market cap of $11.82 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 5.80 and a beta of 1.63.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $5.42 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. As a group, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BLD. Benchmark boosted their price target on TopBuild from $375.00 to $444.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Bank of America upped their target price on TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. UBS Group set a $370.00 target price on TopBuild and gave the company a “hold” rating in a research note on Tuesday, August 5th. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Finally, DA Davidson dropped their target price on TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $394.67.

TopBuild 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.