TopBuild Corp. $BLD Shares Bought by Aberdeen Group plc

Aberdeen Group plc lifted its position in TopBuild Corp. (NYSE:BLD) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,299 shares of the construction company’s stock after acquiring an additional 253 shares during the quarter. Aberdeen Group plc owned 0.12% of TopBuild worth $11,104,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of TopBuild in the 1st quarter worth approximately $35,000. Rossby Financial LCC acquired a new position in TopBuild during the 1st quarter valued at approximately $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in TopBuild during the 2nd quarter valued at approximately $63,000. Blue Trust Inc. boosted its position in TopBuild by 21.7% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock valued at $73,000 after purchasing an additional 40 shares during the period. Finally, Signaturefd LLC boosted its position in TopBuild by 170.1% during the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock valued at $80,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Transactions at TopBuild

In other news, CFO Robert M. Kuhns sold 1,350 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $437.47, for a total value of $590,584.50. Following the sale, the chief financial officer 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert M. Buck sold 7,350 shares of the business’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 13,663 shares of company stock worth $5,709,488 over the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

TopBuild Trading Up 0.5%

Shares of BLD stock opened at $441.29 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $445.94. The stock has a fifty day moving average of $417.64 and a two-hundred day moving average of $351.85. The firm has a market capitalization of $12.42 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 4.58 and a beta of 1.66.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (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 company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $5.42 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. As a group, research analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BLD. Evercore ISI boosted their price objective on TopBuild from $424.00 to $449.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. boosted their price objective on TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Bank of America boosted their price objective on TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Finally, Loop Capital boosted their price objective on TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $402.91.

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.