Sequoia Financial Advisors LLC Raises Stock Holdings in TopBuild Corp. $BLD

Sequoia Financial Advisors LLC raised its position in shares of TopBuild Corp. (NYSE:BLD) by 23.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,176 shares of the construction company’s stock after acquiring an additional 226 shares during the period. Sequoia Financial Advisors LLC’s holdings in TopBuild were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BLD. SVB Wealth LLC purchased a new stake in shares of TopBuild during the 1st quarter worth approximately $35,000. Rossby Financial LCC purchased a new stake in TopBuild during the 1st quarter valued at $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in TopBuild during the 2nd quarter valued at $63,000. Blue Trust Inc. raised its holdings 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 buying an additional 40 shares during the period. Finally, Signaturefd LLC raised its holdings 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 buying an additional 165 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TopBuild

In related news, insider Jeff M. Krestancic sold 373 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.00, for a total transaction of $154,795.00. Following the sale, the insider owned 4,934 shares of the company’s stock, valued at $2,047,610. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert M. Buck sold 7,350 shares of the firm’s stock in a transaction dated 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 approximately $30,402,287.75. The trade was 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 quarter. 0.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Benchmark increased their price target on TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. The Goldman Sachs Group increased their price target on TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Vertical Research assumed coverage on TopBuild in a report on Tuesday. They set a “buy” rating and a $517.96 price target on the stock. Finally, Loop Capital increased their target price on TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $412.50.

TopBuild Price Performance

BLD opened at $449.40 on Wednesday. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $456.22. 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 business’s fifty day simple moving average is $419.40 and its 200-day simple moving average is $356.03. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 4.61 and a beta of 1.66.

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, 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 business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company earned $5.42 EPS. The business’s revenue was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.